This topic contains a solution. Click here to go to the answer

Author Question: If both demand and supply increase, what will be the effect on the equilibrium price and quantity? ... (Read 110 times)

serike

  • Hero Member
  • *****
  • Posts: 542
If both demand and supply increase, what will be the effect on the equilibrium price and quantity?
 
  A) Both the price and the quantity will increase.
  B) The quantity will increase but the price could either rise, fall, or remain the same.
  C) The price will fall but the quantity will increase.
  D) The price will rise but the quantity could either increase, decrease, or remain the same.

Question 2

Refer to the scenario above. What is the difference between the future value of John's deposit and Wendy's deposit after one year?
 
  A) 10
  B) 40
  C) 60
  D) 100



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

apple

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

B

Answer to Question 2

C




serike

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
Gracias!


Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

For a complete list of videos, visit our video library