Waves

Assignment 3 1. Which of the pursuance statements is true of any securities industry? a) in that location must be a append of the tip plainly not of necessity a look into for the item. b) Demand and tot are always equal for an item. c) The interaction of accept and supply determines the scathe and measure in that trade. d) in that respect must be a bring for the item but not necessarily a supply of the item. e) The market will always be in equilibrium. 2. If a strike 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 petrol 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 outlay were fixed at P1, which of the followers is nonsensical? a) Prices would tend to rise. b) The re would be a shortage. c) There would be an unneeded measuring rod supplied of Q5 Q1. d) There would be an excess quantity 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 below 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 effects will cause the pri ce to rise. 6. If both supply and deman! d 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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