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Author Question: Suppose roses are currently selling for 30 per dozen, but the equilibrium price of roses is 20 per ... (Read 206 times)

darbym82

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on: Jun 30, 2018
Suppose roses are currently selling for 30 per dozen, but the equilibrium price of roses is 20 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

If Oscar's MPC is 0.95 and he earns an additional 2,000, how much would he spend?
 a. 100
 b. 1,900
 c. 2,105
 d. 40,000


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SomethingSomething

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

d

Answer to Question 2

b


darbym82

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Reply #2 on: Jun 30, 2018
Thank you


SomethingSomething

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Reply #3 on: Jun 30, 2018
No problemo


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