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Author Question: When floods wiped out the banana crop in Central America, the equili-brium price of bananas ________ ... (Read 39 times)

awywial

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on: Jun 29, 2018
When floods wiped out the banana crop in Central America, the equili-brium price of bananas ________ and the equilibrium quantity of bananas ________.
 
  A. rose; increased
  B. rose; decreased
  C. fell; increased
  D. fell; decreased

Question 2

Which of the following statements describes the experiences of Corning, Inc since it was established in 1851?
 
  A) long-run growth interrupted by periods of business cycle recession
  B) strong uninterrupted growth in demand
  C) little or no growth in the long run, but very vulnerable to the business cycle
  D) little or no growth in the long run, and unaffected by the business cycle


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jaymee143

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

B Figure 4.12(b) on page 102 illustrates this case of a decrease in supply.

Answer to Question 2

A


awywial

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

yeungji

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Reply 3 on: Yesterday
Gracias!

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