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Author Question: A government mandated price increase for doodads will: a. decrease the quantity of doodads supplied ... (Read 28 times)

Marty

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on: Jun 30, 2018
A government mandated price increase for doodads will:
 a. decrease the quantity of doodads supplied but increase the quantity of doodads demanded.
  b. increase the quantity of doodads supplied but decrease the quantity of doodads demanded.
  c. increase the demand for doodads and decrease the supply of doodads.
 d. decrease the demand for doodads and increase the supply of doodads.

Question 2

Which of the following is not a correct statement about money?
 a. Money serves as a medium of exchange.
 b. The value of money generally fluctuates much more than the prices of individual commodities like oil or wheat.
  c. Money serves as a store of value.
 d. Money serves as a means of deferred payment.


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ultraflyy23

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Marty

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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