This topic contains a solution. Click here to go to the answer

Author Question: If people believe that prices are going to be higher in the future then they are today, they will ... (Read 40 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
If people believe that prices are going to be higher in the future then they are today, they will
 a. wait until the future to purchase the things they wand
  b. decrease their demand now
  c. increase their demand now
  d. increase their supply now
  e. save more today so they have the income to buy more in the future

Question 2

If there is a shortage in the market for jeans,
 a. producers' inventories will increase
  b. the price should begin to rise
  c. the demand curve will shift to restore equilibrium in the market
  d. the supply curve will shift to restore equilibrium in the market
  e. producers expect government to impose a price ceiling



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mochi

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

C

Answer to Question 2

B




bclement10

  • Member
  • Posts: 560
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

For a complete list of videos, visit our video library