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

Author Question: Suppose roses are currently selling for 30 per dozen, but the equilibrium price of roses is 20 per ... (Read 216 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


darbym82

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 30, 2018
Thank you


SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
Kinesthesis and Equilibrium Kinesthesis and Equilibrium
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library