The price at which there is neither a surplus nor a shortage is called: the adjustment price: the
equal price. the equilibrium price. the fair prike. Question 40 1pts At a price of $40, the quantity
demanded is 100 and the quantity supplied is 120 . This means that: there is a surplus of widgets
at $40. hence the price of widgets will go down. a price floor is preventing the price of widgets from
falling. Hoth A and B are possibly correct. None of the above.What would happen to the price of
peanut butter if the price of peanuts went down, the price of jelly increased, more firms decided to
produce peanut butter, and health officials announced that eating peanut butter was bad for you?
The effect on both price and quantity is ambiguous. Price will rise and the effect on quantity is
ambiguous. Quantity will fall and the effect on price is ambiguous. Price will fall and the effect on
quantity is ambiguous.Consider the following Solow growth economy: 1. output y=k (where k is
capital per person and y is output per person) 2. savings rate =1/2 3. depreciation rate of 50%.
What is the steady-state value of k ? 5 1 2.5Consider the following Solow growth economy: 1.
output y=k (where k is capital per person and y is output per person) 2. savings rate =1/2 3.
depreciation rate of 50%. What is the steady-state value of y ? .5 1 2.5 5.
The price at which there is neither a surplus nor a shortage.pdf
1. The price at which there is neither a surplus nor a shortage is called: the adjustment price: the
equal price. the equilibrium price. the fair prike. Question 40 1pts At a price of $40, the quantity
demanded is 100 and the quantity supplied is 120 . This means that: there is a surplus of widgets
at $40. hence the price of widgets will go down. a price floor is preventing the price of widgets from
falling. Hoth A and B are possibly correct. None of the above.What would happen to the price of
peanut butter if the price of peanuts went down, the price of jelly increased, more firms decided to
produce peanut butter, and health officials announced that eating peanut butter was bad for you?
The effect on both price and quantity is ambiguous. Price will rise and the effect on quantity is
ambiguous. Quantity will fall and the effect on price is ambiguous. Price will fall and the effect on
quantity is ambiguous.Consider the following Solow growth economy: 1. output y=k (where k is
capital per person and y is output per person) 2. savings rate =1/2 3. depreciation rate of 50%.
What is the steady-state value of k ? 5 1 2.5Consider the following Solow growth economy: 1.
output y=k (where k is capital per person and y is output per person) 2. savings rate =1/2 3.
depreciation rate of 50%. What is the steady-state value of y ? .5 1 2.5 5
