A change in an equilibrium price can result from I. A change in demand II. A change in supply
A) I only
B) II only
C) Both I and II
D) Neither I nor II
C
Economics
You might also like to view...
The above table shows Tammy's total utility from videos and CDs. If Tammy has $70 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then the maximum utility Tammy can attain is
A) 450. B) 1280. C) 1150. D) 1200.
Economics
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the basket's cost was $50; in 2014, the basket's cost was $51; and in 2016, the basket's cost was $52 . The value of the CPI in 2014 was
a. 98.0. b. 102.0. c. 104.0. d. 151.0.
Economics