Author Question: The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, ... (Read 118 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, the quantity demanded is ________ the quantity supplied and the price of the good will ________.
 
  A) less then; fall
  B) greater than; fall
  C) equal to; fall
  D) less than; rise
  E) greater than; rise

Question 2

You borrow at a nominal interest rate of 10 percent. If the inflation rate is 4 percent, then the real interest rate is
 
  A) 6 percent.
  B) 14 percent.
  C) the 10 in interest you have to pay.
  D) 16 percent.
  E) 2.5 percent.


marict

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

For a complete list of videos, visit our video library