Waves

Assignment 3 1. Which of the pursuance statements is true of any grocery? a) in that location must be a hang on of the spot plainly not of necessity a question for the item. b) Demand and tot are always equal for an item. c) The fundamental interaction of make and supply determines the scathe and measure in that market place. d) in that respect must be a get hold of for the item but not necessarily a supply of the item. e) The market will always be in equilibrium. 2. If a return in the demand for intersection point X causes the demand curve for product Y to dismissal to the right, then X and Y are most apt(predicate) to be which of the pastime? a) Cars and gaseous state b) Knives and forks c) Butter and margarine d) Tennis balls and tennis rackets e) berth and laces [pic] 3. In the figure above, if terms were fixed at P1, which of the succeeding(a) is unreasonable? a) Prices would ten d to rise. b) There would be a shortage. c) There would be an unneeded criterion supplied of Q5 Q1. d) There would be an excess touchstone demanded of Q5 Q1. e) There would be a disequilibrium. 4. The law of supply a) asserts that as the price of a good or service rises, the demand curve shifts inward. b) while valid, is almost always ignored in a market-based economy. c) asserts that as the price of a good or service rises, the quantity supplied rises. d) has very little to do with how prices in a market-based economy are determined. e) asserts that as the price of a good or service rises, the quantity supplied declines. 5. If price is downstairs equilibrium, a) demand will increase. b) demand is too low for equilibrium. c) quantity demanded exceeds quantity supplied, and a shortage exists. d) quantity supplied exceeds quantity demanded, and a shortage exists. e) the income and substitution e ffects will cause the price to rise. 6.! If both supply and demand for a good increase, which of the following will definitely happen? a)...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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