Author Question: If the price of a video download is below its equilibrium price, the quantity supplied is ________ ... (Read 186 times)

jho37 · **on:** Jun 29, 2018

If the price of a video download is below its equilibrium price, the quantity supplied is ________ than the quantity demanded.

If the price of a video download is above its equilibrium price, the quantity supplied is ________ than the quantity demanded. A) less; greater
B) greater; less
C) less; less
D) greater; greater

Question 2

What is the approximate cost to a professional basketball team of giving ten free tickets for a particular game to children in an orphanage?

A) Probably nothing if the game is not sold out.
B) The face price of the tickets
C) The value of the opportunities forgone by putting on the game, divided by the number of seats (times ten)
D) We cannot tell unless we know the value the orphans place on attending.