This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The figure illustrates the market for pens. The equilibrium quantity is A) between 400 and 600 ... (Read 98 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
The figure illustrates the market for pens. The equilibrium quantity is
 
  A) between 400 and 600 pens, but it is impossible to be precise.
  B) 5 pens a month.
  C) 2 pens a month.
  D) 500 pens a month.

Question 2

Which of the following would not shift the supply curve?
 
  A) A rise in the price of the good
  B) A fall in the expected future price of the good
  C) A rise in the costs of production of the good
  D) A negative supply shock that destroys a portion of output


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


cabate

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Wow, this really help

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Review Bundling, Add-on Codes, and Quantity Edits Review Bundling, Add-on Codes, and Quantity Edits
Stock Market Question Stock Market Question
Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Bayesian Analysis of the Genotype of II-2 in Figure A.4 Bayesian Analysis of the Genotype of II-2 in Figure A.4
Figure 2.15.jpg Figure 2.15.jpg
Video: Muscle Fatigue and Recovery

For a complete list of videos, visit our video library