« previous next »

Author Question: What happens if price falls below the market clearing price? A) Demand shifts out. B) Supply ... (Read 103 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
What happens if price falls below the market clearing price?
 
  A) Demand shifts out.
  B) Supply shifts in.
  C) Quantity demanded decreases, quantity supplied increases, and price falls.
  D) Quantity demanded increases, quantity supplied decreases, and price rises.

Question 2

This market situation is much like a pure monopoly except that its member firms tend to cheat on agreed upon price and output strategies. What is it?
 
  A) Duopoly
  B) Cartel
  C) Market sharing monopoly
  D) Natural monopoly


Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
Blood Supply to the Lungs Blood Supply to the Lungs
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library