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Author Question: A shortage exists in a market if a. there is an excess supply of the good. b. quantity supplied ... (Read 24 times)

imanialler

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on: Jun 30, 2018
A shortage exists in a market if
 a. there is an excess supply of the good.
 b. quantity supplied exceeds quantity demanded.
  c. the current price is below its equilibrium price.
  d. All of the above are correct.

Question 2

Assume that autonomous expenditures in an economy decreased by 10 billion. What is the change in aggregate demand at a given price level if the MPC is 0.5?
 a. increase by 50 billion
  b. increase by 10 billion
  c. decrease by 20 billion
  d. decrease by 10 billion


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zenzy

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

c

Answer to Question 2

c


imanialler

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  • Posts: 539
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jackie

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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