« previous next »

Author Question: If the demand curve for bikes shifts leftward and the supply curve for bikes shifts rightward, the ... (Read 213 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
If the demand curve for bikes shifts leftward and the supply curve for bikes shifts rightward, the equilibrium
 
  A) price of bikes definitely increases.
  B) price of bikes definitely decreases.
  C) quantity of bikes definitely increases.
  D) quantity of bikes definitely decreases.

Question 2

The figure above shows the situation facing Smart Digit, Inc, a firm in monopolistic competition that produces calculators. The firm's economic profit in the long run is
 
  A) zero.
  B) 600.
  C) 900.
  D) 2,400.


zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Bacteria growth curve Bacteria growth curve
Blood Supply to the Lungs Blood Supply to the Lungs
What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Random alignment at Metaphase I Animation

For a complete list of videos, visit our video library