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Bizhelp, CPA
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Experience:  Bachelors Degree and CPA with Accounting work experience
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How does a decrease in supply affect equilibrium price and

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How does a decrease in supply affect equilibrium price and quantity?
a. a decrease in supply leads to a lower equilibrium price and a lower equilibrium quantity
b. a decrease in supply leads to a lower equilibrium price and a higher equilibrium quantity
c. a decrease in supply leads to a higher equilibrium price and a lower equilibrium quantity
d. aa decrease in sopply leads to a higher equilibrium price and a higher equilibrium quantity


in general____________ by unanticipated inflation
a.creditors and debtors are both helped
b.creditors and debtors are both hurt
c.creditors are helped and debtors are hurt
d.creditors are hurt and debtors are helped



Each of the following is an indirect tax except the __________tax
a.gasoline
b.telephone
c.corporate income
d.excise


Gross saving is the total of _________saving
a.personal and business
b.personal and government
c.business and government
d.personal, business and government



Which statemet is true
a.the U.S. is both the world's leading creditor nation and the leading debtor nation
b. the U.s is neither the world's leading creditor nation nor the world's leading debtor nation
c.the U.S is the world's leading creditor nation and not the world's leading debtor nation
d. the U.S is the world;s leading debtor nation and not the world's leading creditor nation

Barter transactions
a. involve directly exchanging goods for other goods
b.can occur without the "double coincidence of wants"
c.are less costly than transactions involving money
d.involve the use of money as a medium of exchange
Submitted: 5 years ago.
Category: Homework
Expert:  Bizhelp replied 5 years ago.
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