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Author Question: The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, ... (Read 120 times)

armygirl

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on: Jun 29, 2018
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.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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marict

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

A

Answer to Question 2

A


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