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 42 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
Excellent

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

After verifying that the tester is capable of correctly reading the air frequency, gasoline is ... After verifying that the tester is capable of correctly reading the air frequency, gasoline is ...
A straightedge and a feeler gauge are being used to check that the oil pan has been correctly ... A straightedge and a feeler gauge are being used to check that the oil pan has been correctly ...
Which row identifies correctly the excitatory and inhibitory neurons? Select one: Which row identifies correctly the excitatory and inhibitory neurons? Select one:
Price of Computers, 1982–2010 Price of Computers, 1982–2010
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library