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Author Question: The equilibrium quantity of a good will increase and its equilibrium price might rise, fall, or stay ... (Read 278 times)

chads108

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on: Jun 29, 2018
The equilibrium quantity of a good will increase and its equilibrium price might rise, fall, or stay the same when
 
  A) its demand and supply both increase.
  B) its demand increases and supply decreases.
  C) its demand decreases and supply increases.
  D) its demand and supply both decrease.

Question 2

Diminishing marginal utility of wealth leads to risk aversion because at a given level of wealth a dollar gained
 
  A) is worth more in additional utility than a dollar lost.
  B) is worth less in additional utility than a dollar lost.
  C) is worth as much in additional utility as a dollar lost.
  D) does not add to total utility.


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dantucker

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

A

Answer to Question 2

B


chads108

  • Member
  • Posts: 507
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

phuda

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

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