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Author Question: Refer to Figure 7-5. The efficient quantity of medical services is A) 400. B) 800. C) 1,200. D) ... (Read 107 times)

cookcarl

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  • Posts: 539
on: Jun 29, 2018
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

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  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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