This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following correctly describes how price adjustments eliminate a shortage? (Read 63 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: May 25, 2020
Which of the following correctly describes how price adjustments eliminate a shortage?
◦ As the price falls, the quantity demanded will increase and the quantity supplied will also increase.
◦ As the price rises, the quantity demanded will increase while the quantity supplied will decrease.
◦ As the price rises, the quantity demanded will decrease while the quantity supplied will increase.
◦ As the price falls, the quantity demanded will decrease while the quantity supplied will increase.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Hungry! on May 25, 2020

jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: May 25, 2020
Great answer, keep it coming :)

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

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?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Alan Price - Poor People Alan Price - Poor People
Instructing a Patient to Use Crutches Correctly Instructing a Patient to Use Crutches Correctly
Adjustments of the Infant at Birth Adjustments of the Infant at Birth
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Gas exchange - partial pressure, locations, external and internal respiration

For a complete list of videos, visit our video library