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NEW QUESTION: 1
In any competitive market, an equal increase in both demand and supply can be expected to always:
A. Increase market-clearing quantity.
B. Decrease price.
C. Increase price.
D. Increase both price and market-clearing quantity.
Answer: A
Explanation:
Choice "b" is correct. As illustrated above, a shift outward (increase) in supply increases quantity supplied
at equilibrium. As illustrated, this is true even when demand increases.
Choice "a" is incorrect. As illustrated, price may stay the same but quantity will increase. Draw the graph!
Choices "c" and "d" are incorrect. Price may remain the same, but quantity will "always" increase.
NEW QUESTION: 2
After SiteCall meeting was successfully held, there will be a list of SMC's meeting and this meeting. ( )
A. FALSE
B. TRUE
Answer: B
NEW QUESTION: 3
Answer:
Explanation: