« previous next »

Author Question: If both the supply and demand for computer games increase, then the equilibrium price of the games: ... (Read 153 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
If both the supply and demand for computer games increase, then the equilibrium price of the games:
 a. is indeterminate and the equilibrium quantity rises.
 b. is indeterminate and the equilibrium quantity falls.
 c. falls and the equilibrium quantity also falls.
 d. falls and the change in equilibrium quantity is indeterminate.

Question 2

A cut in marginal tax rates would:
 a. increase the price level and real GDP in the short run if it has no effect on short-run aggregate supply.
 b. increase the price level and real GDP in the short run, even if possible aggregate supply effects are included.
  c. increase real GDP in the short run, but there is an indeterminate effect on the price level if there is no supply-side effect on aggregate supply.
  d. increase real GDP in the short run, but there is an indeterminate effect on the price level if supply-side effects on aggregate supply are included.


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

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?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Frequently Used Computer Terms Frequently Used Computer Terms
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library