« previous next »

Author Question: A surplus of wheat: a. is impossible if people are hungry. b. is impossible if the price of wheat ... (Read 80 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
A surplus of wheat:
 a. is impossible if people are hungry.
  b. is impossible if the price of wheat is below equilibrium.
  c. will result when the quantity demanded exceeds the quantity supplied at the current price.
  d. is unlikely to cause any change in the price of wheat.
  e. indicates that the problem of scarcity of wheat has been solved.

Question 2

The price of a good will fall if:
 a. there is an excess demand of the good.
  b. demand and supply of the good are the same.
  c. there is an excess supply of the good.
  d. the price is below the equilibrium price.
  e. the price is near the equilibrium price.


yahahah24021

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Cow Wheat Cow Wheat
Earthquakes Don’t Kill People—Collapsing Buildings Do Earthquakes Don’t Kill People—Collapsing Buildings Do
Unhappy people Unhappy people
In the 1800s, most people were poor, and formal education beyond the first several grades was a ... In the 1800s, most people were poor, and formal education beyond the first several grades was a ...
Government By the People, 2016 Presidential Election, 26th Edition Government By the People, 2016 Presidential Election, 26th Edition
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library