« previous next »

Author Question: When the supply of a good decreases and its demand increases by the same amount: a. Price will ... (Read 59 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
When the supply of a good decreases and its demand increases by the same amount:
 a. Price will change in the same direction as the shift in demand.
 b. Price will change in the same direction as the shift in supply.
 c. Quantity exchanged will change in the same direction as the shift in supply.
  d. Quantity exchanged will change in the same direction as the shift in demand.

Question 2

Which of the following is not one of the functions of money?
 a. unit of account
 b. means of deferred payment
  c. encouraging people to barter
  d. medium of exchange
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


peilian

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

onions taste good onions taste good
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
A demonstration engine showing the amount of water that can be circulated through the cooling ... A demonstration engine showing the amount of water that can be circulated through the cooling ...
A good posture for practicing meditation is seated in a chair with the back upright and in ... A good posture for practicing meditation is seated in a chair with the back upright and in ...
a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ... a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ...
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: The Pressure Flow Model in a Plant

For a complete list of videos, visit our video library