Which of the following is true about the market equilibrium?
a. As the price increases, the quantity demanded and the quantity supplied increases.
b. As the price increases, the quantity demanded and the quantity supplied decreases.
c. As the price increases, the quantity demanded increases and the quantity supplied decreases.
d. As the price increases, the quantity demanded decreases and the quantity supplied increases.
e. As the price increases, neither the quantity demanded nor quantity supplied change.
Question 2
When the price of a good in a market is above equilibrium:
a. the quantity supplied exceeds the quantity demanded.
b. a surplus is observed.
c. the price will fall in the near future.
d. all of the above.
Functional MRI Scans These scans of human brains show localized average increases in neural activity
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
The signal voltage from a throttle position increases as the throttle is opened because the wiper ...
Price of Computers, 1982–2010
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Application of the Hardy–Weinberg equilibrium