Bidding in a Dutch auction continues until ________. A) no ...

[jenna1]

Bidding in a Dutch auction continues until ________.
 
  A) no bidder is willing to bid any higher
  B) a bidder accepts the price announced by the auctioneer
  C) a bidder bids above the market price of the good
  D) a bidder bids below the starting bid

Question 2

Producers of DVDs are able to lower the wage rate that they pay to their workers. You predict that the
 
  A) price will rise.
  B) quantity supplied will decrease.
  C) supply curve will shift leftward.
  D) supply curve will shift rightward.

[djofnc]

Answer to Question 1

B

Answer to Question 2

D

[jenna1]

Thanks for the timely response, appreciate it

[nanny]

Excellent