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Author Question: Assuming that the demand for a good has decreased and the supply of a good has increased by the same ... (Read 83 times)

sdfghj

  • Hero Member
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  • Posts: 552
on: Jun 30, 2018
Assuming that the demand for a good has decreased and the supply of a good has increased by the same amount, then:
 a. The change in price is determinate but the change in quantity is indeterminate.
  b. The change in quantity is determinate but the change in price is indeterminate.
  c. Neither the change in price nor the change in quantity will be indeterminate.
  d. Both the change in price and the change in quantity will be indeterminate.

Question 2

Deposit insurance and government's willingness to help distressed banks have virtually eliminated the potential for serious bank runs.
 a. True
  b. False
  Indicate whether the statement is true or false


perkiness

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

c

Answer to Question 2

True


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