« previous next »

Author Question: If demand increases while supply decreases, then the equilibrium price A) always increases. B) ... (Read 124 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
If demand increases while supply decreases, then the equilibrium price
 
  A) always increases.
  B) always decreases.
  C) may increase, decrease, or stay the same.
  D) never changes.

Question 2

Which of the following is a benefit of the price system?
 
  A) the existence of positive externalities
  B) the production of public goods
  C) Consumers have what they want since politicians and business managers decide what is to be produced.
  D) the freedom of consumers to decide what they want to purchase


TINA

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
The proportion of men and women with elevated blood pressure or taking hypertension medication incre The proportion of men and women with elevated blood pressure or taking hypertension medication incre
Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012 Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012
Blood Supply of the Liver Blood Supply of the Liver
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library