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Author Question: Which of the following always raises the equilibrium price? A) an increase in both demand and ... (Read 39 times)

FButt

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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


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yuyiding

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

C

Answer to Question 2

C


FButt

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bitingbit

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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