If price is above the equilibrium, then quantity supplied will be greater than quantity demanded, putting downward pressure on price.

Suppose researchers discover that a government program to match job seekers and employers has caused an increase in the unemployment rate. Does this mean that the program has failed?

What will be an ideal response?

Joe's income is $500, the price of food (F) is $2 per unit, and the price of shelter (S) is $100. Which of the following represents his marginal rate of transformation of food for shelter?

A) -5 B) -50 C) -.02 D) None of the above