Author Question: There is a technological advance in the production of ice cream. As a result, the supply curve of ... (Read 125 times)

colton

  • Hero Member
  • *****
  • Posts: 627
There is a technological advance in the production of ice cream. As a result, the supply curve of ice cream shifts ________ and ________.
 
  A) leftward; both the equilibrium price and equilibrium quantity fall
  B) rightward; both the equilibrium price and equilibrium quantity fall
  C) rightward; the equilibrium price falls while the equilibrium quantity increases
  D) rightward; both the equilibrium price and equilibrium quantity rise

Question 2

Kevin deposits a certain sum in a bank at an annual compounded rate of interest for two years. Interest in the second year will be calculated on:
 
  A) the principal amount only.
  B) the amount in the account after one year.
  C) the sum of the principal amount and the amount in the account after one year.
  D) the difference in the principal amount and the amount in the account after one year.



kaylee05

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

For a complete list of videos, visit our video library