« previous next »

Author Question: If demand increases while supply decreases, then the equilibrium price A) always increases. B) ... (Read 86 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?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Species richness increases with island size. Species richness increases with island size.
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading. Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading.
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
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
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library