This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following always raises the equilibrium price? A) an increase in both demand and ... (Read 17 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
Which of the following always raises the equilibrium price?
 
  A) an increase in both demand and supply
  B) a decrease in both demand and supply
  C) an increase in demand combined with a decrease in supply
  D) a decrease in demand combined with an increase in supply

Question 2

The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the total deadweight loss?
 
  A) 2,000
  B) 800
  C) 0
  D) 600 umbrellas


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


FButt

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
:D TYSM

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Alan Price - Poor People Alan Price - Poor People
Does Intelligence Increase with Brain Size? Does Intelligence Increase with Brain Size?
Gossip and ridicule increase the status insecurity of this time of life. Gossip and ridicule increase the status insecurity of this time of life.
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: Deglutition

For a complete list of videos, visit our video library