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 66 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
Great answer, keep it coming :)

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Atmospheric pressure decreases with increase in altitude. Atmospheric pressure decreases with increase in altitude.
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Effect of an Increase in R&D in the Follower Country on the Steady State Effect of an Increase in R&D in the Follower Country on the Steady State
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: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library