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Author Question: In the above figure, a price of 35 per dozen would result in A) a shortage. B) equilibrium. C) ... (Read 60 times)

LCritchfi

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on: Jun 29, 2018
In the above figure, a price of 35 per dozen would result in
 
  A) a shortage.
  B) equilibrium.
  C) a surplus.
  D) upward pressure on prices.

Question 2

If a 5 percent increase in the price of good A leads to a 4 percent decrease in the demand for good B, then ________.
 
  A) the goods are substitutes
  B) only one good is a normal good
  C) the goods are complements
  D) both goods are normal goods


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vish98

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

C

Answer to Question 2

C


LCritchfi

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  • Posts: 519
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bassamabas

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

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