Author Question: Assume an industry initially in equilibrium has a price ceiling imposed at a price below the ... (Read 100 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
Assume an industry initially in equilibrium has a price ceiling imposed at a price below the equilibrium price. Total revenue received by the producers from sales will:
 a. rise as a result.
 b. rise as a result only if supply is inelastic.
  c. rise as a result only if demand is inelastic.
  d. fall as a result.

Question 2

Which of the following would tend to increase aggregate demand, other things equal?
 a. An increase in the money supply curve.
 b. A decrease in the money supply curve.
 c. An increase in the money demand cuvre.
 d. Both a. and c. would tend to increase aggregate demand, other things equal.



kmb352

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library