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

Author Question: The figure illustrates the market for pens. The equilibrium quantity is A) between 400 and 600 ... (Read 114 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
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
Answer to Question 1

D

Answer to Question 2

A




cabate

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Excellent


duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

For a complete list of videos, visit our video library