Answer to Question 1
The price of steel will rise. As it rises, the quantity of steel supplied will rise and the quantity of steel demanded will fall. Eventually, at the new market equilibrium price, quantity demanded will be equal to quantity supplied. The market will be in equilibrium.
Answer to Question 2
Total utility is the total amount of satisfaction obtained from the consumption of a
good or a service. Marginal utility is the additional satisfaction gained by the
consumption of one more unit of a good or service.
Crossing Over Results in Genetic Recombination p1
Allen Test: An occluded ulnar artery results in continued pallor of the hand while the radial artery
A severe food shortage occurred in the Netherlands during the “Hunger Winter” of 1944–1945.
Results Seen in Mono-Diff Tests
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Results of mixing blood of the same or differing ABO blood types