« previous next »

Author Question: If there is a shortage in the market for automobiles, then a. producers' inventories will rise b. ... (Read 28 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
If there is a shortage in the market for automobiles, then
 a. producers' inventories will rise
  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. the price is expected to fall

Question 2

If there is a shortage in the market for athletic shoes,
 a. the price should rise to eliminate the shortage
  b. inventories of athletic shoes will grow
  c. demand will decrease to restore equilibrium
  d. firms will reduce production to restore equilibrium
  e. supply will increase to restore equilibrium


Mollythedog

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
Rapid sea level rise Rapid sea level rise
The Nile Delta will be strongly affected by a rise in sea level of 50 cm The Nile Delta will be strongly affected by a rise in sea level of 50 cm
Quality of U.S. and Japanese-made Automobiles Quality of U.S. and Japanese-made Automobiles
The Rise and Fall of Separation Anxiety The Rise and Fall of Separation Anxiety
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library