This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the equilibrium price of oranges is 2.00 per pound. If the actual price is above the ... (Read 120 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
Suppose the equilibrium price of oranges is 2.00 per pound. If the actual price is above the equilibrium price a
 
  A) shortage exists, and the price falls to restore equilibrium.
  B) surplus exists, and the price rises to restore equilibrium.
  C) shortage exists, and the price rises to restore equilibrium.
  D) surplus exists, and the price falls to restore equilibrium.
  E) surplus exists, but nothing happens until either the demand or the supply changes.

Question 2

If a one-year bond is purchased for 700 and the interest rate is 5 percent, what will it pay in one year?
 
  A) 35 B) 665 C) 735 D) 770


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

whitcassie

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Capo

  • Member
  • Posts: 545
Reply 2 on: Jun 29, 2018
Gracias!

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Muscular Dystrophy

For a complete list of videos, visit our video library