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

Author Question: A decrease in demand leads to a (an): a. increased equilibrium price and an increased equilibrium ... (Read 117 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
A decrease in demand leads to a (an):
 a. increased equilibrium price and an increased equilibrium quantity.
  b. decreased equilibrium price and a decreased equilibrium quantity.
  c. decreased equilibrium price and an increased equilibrium quantity.
  d. increased equilibrium price and a decreased equilibrium quantity.

Question 2

An increased equilibrium price and a decreased equilibrium quantity results from a(an):
 a. decrease in demand.
  b. increase in supply.
  c. decrease in supply.
  d. increase in demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jun 30, 2018
Correct answers!


chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Feedback mechanisms of the thyroid gland: (1) stimulus; (2) release of TSH; (3) release of thyroid h Feedback mechanisms of the thyroid gland: (1) stimulus; (2) release of TSH; (3) release of thyroid h
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
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: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library