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Author Question: The figure illustrates the market for pens. The equilibrium quantity is A) between 400 and 600 ... (Read 97 times)

cabate

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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


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swimkari

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


cabate

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ryansturges

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Reply 3 on: Yesterday
Excellent

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