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

Author Question: An increase in demand and a decrease in supply cause which of the following? a. Equilibrium price ... (Read 34 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
An increase in demand and a decrease in supply cause which of the following?
 a. Equilibrium price change is indeterminate.
  b. Equilibrium quantity decreases.
  c. Equilibrium price falls.
  d. Equilibrium price rises.
  e. Equilibrium quantity increases.

Question 2

An increase in both supply and demand causes which of the following?
 a. Equilibrium price falls.
  b. Equilibrium price rises.
  c. Equilibrium price change is indeterminate.
  d. Equilibrium quantity decreases.
  e. Equilibrium quantity change is indeterminate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


asd123

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
:D TYSM

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s
Alan Price - Poor People Alan Price - Poor People
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library