3. Supply and Demand
Supply and Demand Together: Both Shift
Multiple Choice
Multiple ChoiceWhat happens in the market for online tutoring services if (1) the government decides to provide funding for online tutors and (2) the price of private tutoring, a substitute for online tutoring services, increases?
A
Equilibrium price rises, equilibrium quantity ambiguous
B
Equilibrium price ambiguous, equilibrium quantity falls
C
Equilibrium price falls, equilibrium quantity ambiguous
D
Equilibrium price ambiguous, equilibrium quantity rises
207
views
3
rank
Related Videos
Related Practice
Showing 1 of 2 videos