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 43 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

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

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.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Take a good look at this woman Take a good look at this woman
A severe food shortage occurred in the Netherlands during the “Hunger Winter” of 1944–1945. A severe food shortage occurred in the Netherlands during the “Hunger Winter” of 1944–1945.
Deficiency/Vice, Mean/Virtue, Excess/Vice Deficiency/Vice, Mean/Virtue, Excess/Vice
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 ...
Excess nutrients cause algal blooms Excess nutrients cause algal blooms
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Video: Genetic terms Animation

For a complete list of videos, visit our video library