The current market price for good X is below the equilibrium price, and then the demand curve for X shifts rightward. What is the likely outcome of the demand shift?
A) The surplus increases.
B) The surplus decreases.
C) The shortage increases.
D) The shortage decreases.
Question 2
The substitution effect of a decrease in the wage will
A) decrease leisure, regardless of whether leisure is a normal or inferior good.
B) increase leisure, regardless of whether leisure is a normal or inferior good.
C) increase leisure only if leisure is a normal good.
D) decrease leisure only if leisure is a normal good.
Many types of edible fungi are grown for the market.
Current Geopolitical Framework
Hockey stick” curve
A current-carrying wire is placed in a uniform magnetic field, as shown below.
Write equilibrium constant expressions for the following reactions in terms of concentration:
Current intensity and the frequency of action potentials