Refer to Figure 13-1. Ceteris paribus, an increase in households' ...

[Capo]

Refer to Figure 13-1. Ceteris paribus, an increase in households' expectations of their future income would be represented by a movement from
 
  A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.

Question 2

At market equilibrium,
 
  A) quantity demanded equals quantity supplied. B) shortages are greater than surpluses.
  C) surpluses are greater than shortages. D) demand equals supply.

[jliusyl]

Answer to Question 1

A

Answer to Question 2

A

[Capo]

Excellent

[Sarahjh]

Thanks for the timely response, appreciate it