As a result of an increase in the supply of a good, the equilibrium quantity _______

Author Question: As a result of an increase in the supply of a good, the equilibrium quantity ________ and the ... (Read 74 times)

jilianpiloj

Hero Member
Posts: 521

on: Jun 29, 2018

As a result of an increase in the supply of a good, the equilibrium quantity ________ and the equilibrium price ________.

A) increases; falls
B) increases; rises
C) decreases; falls
D) decreases; rises

Question 2

In the table above, the value of marginal product of the third unit of labor is

A) 3.
B) 4.
C) 12.
D) 16.

fdliggud

Sr. Member
Posts: 366

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

C

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