Author Question: The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, ... (Read 110 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?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

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?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

For a complete list of videos, visit our video library