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How do price changes drive markets toward equilibrium? A. They set new price floors and ceilings. B. They increase or decrease supply or demand. C. They ensure that prices are fair. D. They prevent inflation or deflation.
Weegy: It affects B the most. User: A writer should avoid plagiarism because she may A. be banned from writing any more works. B. be tried as a criminal. C. be sued for fraud. D. have to make a public apology. Weegy: C. be sued for fraud User: When quantity demanded in a market is more than the quantity supplied, _____ occurs. A. a surplus B. an equilibrium C. a shortage D. a production possibility User: How might a firm respond to a higher demand for its goods? A. limit its production B. raise prices C. cut prices D. increase advertising Weegy: B. raise prices (More)
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Asked 11/7/2012 9:06:21 PM
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Big Road Inc., a private company, is hired to build and run a state’s entire road system. The company charges high fees to use its roads. It maintains the roads only in heavily populated areas. Which of the following describes this project? A. positive externality B. public good C. market failure D. negative externality
Weegy: C. is correct answer, It is a monopoly, therefore market failure. User: Why do public goods demonstrate the limitations of a free market economy? A. They allow consumers to make all of the economic decisions. B. They allow government to make some economic decisions. C. They allow governments to control most economic decisions. D. They prevent consumers from making economic decisions. Weegy: B. They allow government to make some economic decisions. User: Advances in technology have reduced the cost of manufacturing MP3 players. If demand does not change, A. more MP3 players will be sold at a higher price. B. fewer MP3 players will be sold at a higher price. C. more MP3 players will be sold at a lower price. D. fewer MP3 players will be sold at a lower price. Weegy: C. more MP3 players will be sold at a lower price. (More)
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Asked 11/7/2012 9:40:04 PM
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What happens to the equilibrium price when supply goes down? A. The price goes up. B. The price goes down. C. The price stays the same. D. The price goes up, and then goes down.
Weegy: When a supply decreases, the equilibrium price increases. More information on this topic can be found here (More)
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Asked 11/7/2012 9:53:07 PM
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