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 113 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
:D TYSM

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
Approximately 1 pound (0.45 kg) of ground elk meat formed into patties; note the relatively small fa Approximately 1 pound (0.45 kg) of ground elk meat formed into patties; note the relatively small fa
Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
Alan Price - Poor People Alan Price - Poor People
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library