This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A shortage exists in a market if a. there is an excess supply of the good. b. quantity supplied ... (Read 78 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zenzy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


imanialler

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

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

blood supply blood supply
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ... The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ...
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Who's Policing the Food Supply? Who's Policing the Food Supply?
Video: Causes of Acne

For a complete list of videos, visit our video library