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Author Question: The above figure illustrates the demand curve for a good. The good has A) no substitutes. B) ... (Read 88 times)

vicky

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  • Posts: 586
on: Jun 29, 2018
The above figure illustrates the demand curve for a good. The good has
 
  A) no substitutes.
  B) only one substitute.
  C) only a few substitutes.
  D) many substitutes.

Question 2

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a ________ in the market and the price will ________.
 
  A) shortage; rise
  B) shortage; fall
  C) surplus; rise
  D) surplus; fall


brittiany.barnes

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

A

Answer to Question 2

D


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