Author Question: Assuming that the demand and supply of a good both decreased by the same amount, the new equilibrium ... (Read 45 times)

tth

  • Hero Member
  • *****
  • Posts: 579
Assuming that the demand and supply of a good both decreased by the same amount, the new equilibrium would represent:
 a. an increase in price and an increase in quantity exchanged.
  b. no change in price and an increase in quantity exchanged.
  c. a decrease in price and a decrease in quantity exchanged.
  d. no change in price, and decrease in quantity exchanged.

Question 2

M1 includes currency, checkable deposits, traveler's checks, and savings deposits
 a. True
  b. False
  Indicate whether the statement is true or false



DHRUVSHAH

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

d

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

For a complete list of videos, visit our video library