« previous next »

Author Question: If the demand curve for bottled water shifts leftward and the supply curve of bottled water shifts ... (Read 154 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
If the demand curve for bottled water shifts leftward and the supply curve of bottled water shifts leftward, the equilibrium
 
  A) price of bottled water definitely increases.
  B) price of bottled water definitely decreases.
  C) quantity of bottled water definitely increases.
  D) quantity of bottled water definitely decreases.

Question 2

If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run what will happen to aggregate demand, the price level, and real GDP in the U.S.?
 
  What will be an ideal response?


batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Net exports increase so U.S. aggregate demand increases. The U.S. price level and real GDP both increase.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
Reply #2 on: Jun 29, 2018
Correct answers!


batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
The Morris Water Maze The Morris Water Maze
Water Solubility of Selected Chemicals Water Solubility of Selected Chemicals
Introduction of Water to Mantle Rock Introduction of Water to Mantle Rock
Water and Body Fluids Water and Body Fluids
What is the molarity of chloride ions when 10.4 grams of MgCl2 is dissolved in 753 mL of water? What is the molarity of chloride ions when 10.4 grams of MgCl2 is dissolved in 753 mL of water?
Video: Status Epilepticus

For a complete list of videos, visit our video library