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Author Question: Suppose roses are currently selling for 20 per dozen, but the equilibrium price of roses is 30 per ... (Read 207 times)

haleyc112

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on: Jun 30, 2018
Suppose roses are currently selling for 20 per dozen, but the equilibrium price of roses is 30 per dozen. We would expect a
 a. shortage to exist and the market price of roses to increase.
  b. shortage to exist and the market price of roses to decrease.
  c. surplus to exist and the market price of roses to increase.
  d. surplus to exist and the market price of roses to decrease.

Question 2

Which of the following allows us to determine the value of average consumption spending?
 a. leading economic indicators
 b. representative household analysis
  c. indexing
 d. ratio analysis


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carlsona147

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

a

Answer to Question 2

b


haleyc112

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

smrtceo

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Reply 3 on: Yesterday
:D TYSM

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