You read an article in a news magazine that explains how the economy expanded for several years, and then went into a period of contraction. What is the main subject of this article?

Apoverty
Bmicroeconomics
Cthe business cycle
Dvoluntary exchange

What happens to the equilibrium price when supply goes down?

AThe price goes up.
BThe price goes down.
CThe price stays the same.
DThe price goes up, and then goes down.

Question

11-11-2016
Business

Answered

You read an article in a news magazine that explains how the economy expanded for several years, and then went into a period of contraction. What is the main subject of this article?

Apoverty
Bmicroeconomics
Cthe business cycle
Dvoluntary exchange

What happens to the equilibrium price when supply goes down?

AThe price goes up.
BThe price goes down.
CThe price stays the same.
DThe price goes up, and then goes down.

Verified Answer :

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Anonymous Anonymous · Answer 1 · 2016-11-14T07:40:56-05:00

The best and most correct answer among the choices provided by the first question is the third choice or letter C "the business cycle."

On the other hand, the best and most correct answer among the choices provided by the second question is the first choice or letter A " The price goes up. "
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