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

Author Question: When will a shortage occur in a market? a. When the actual price is lower than the equilibrium ... (Read 84 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jun 30, 2018
When will a shortage occur in a market?
 a. When the actual price is lower than the equilibrium price
  b. When quantity supplied is greater than the equilibrium quantity
  c. When the quantity that consumers are willing and able to purchase decreases
  d. When the quantity available at zero price is insufficient to meet demand
  e. When a price floor is set in the market

Question 2

The concept of opportunity cost is illustrated by:
 a. a movement from the interior of the production possibilities curve to the frontier.
 b. a movement from the production possibilities curve to its interior.
 c. a movement from a point on the production possibilities curve to the northeast.
 d. a movement along the production possibilities curve, as production of one good falls in order to increase production of another.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


dakota nelson

  • Member
  • Posts: 604
Reply 2 on: Jun 30, 2018
Gracias!

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

The tarsier is a haplorhine, and may represent an evolutionary bridge between lower and higher prima The tarsier is a haplorhine, and may represent an evolutionary bridge between lower and higher prima
Diverticula Diverticula are small pouches that can occur along your colon Diverticula Diverticula are small pouches that can occur along your colon
Although the highest rates of disordered eating patterns occur among females, males are not immune Although the highest rates of disordered eating patterns occur among females, males are not immune
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library