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

Author Question: A shortage occurs whenever a. quantity demanded exceeds quantity supplied at the equilibrium price ... (Read 190 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
A shortage occurs whenever
 a. quantity demanded exceeds quantity supplied at the equilibrium price
  b. price is less than equilibrium price
  c. quantity demanded is less than quantity supplied
  d. goods are scarce
  e. some of the people who need the product are not willing and able to buy it at the equilibrium price

Question 2

A shortage of textbooks will cause
 a. a decrease in the supply of textbooks
  b. a decrease in the demand for textbooks
  c. both an increase in the supply of textbooks and a decrease in the demand for textbooks
  d. an increase in the price of textbooks, caused by a shift of either the supply curve or the demand curve
  e. an increase in the price of textbooks



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nanny

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

B

Answer to Question 2

E




Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

For a complete list of videos, visit our video library