Author Question: Refer to Figure 7-5. The efficient quantity of medical services is A) 400. B) 800. C) 1,200. D) ... (Read 95 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
Refer to Figure 7-5. The efficient quantity of medical services is
 
  A) 400. B) 800. C) 1,200. D) > 1,200.

Question 2

Assume that both the demand curve and the supply curve for MP3 players shift to the right but the supply curve shifts more than the demand curve. As a result
 
  A) the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.
  B) the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
  C) the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase.
  D) both the equilibrium price and quantity of MP3 players will decrease.



yasmina

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

For a complete list of videos, visit our video library