A shortage of hospital beds will likely lead to
a. an increase in the supply of hospital beds.
b. a decrease in the demand for hospital beds.
c. an increase in the price of a hospital stay.
d. a decrease in the price of a hospital stay.
e. none of the above.
C
You might also like to view...
If the Federal Reserve decided to include virtual money like Bitcoins in its measure of the money supply, what would be the effect on M1 or M2?
A) M1 would rise. B) M1 would rise and M2 would remain constant. C) M2 would rise but M1 would remain constant. D) M1 would fall.
Average cost is the cost of producing the next unit.
Answer the following statement true (T) or false (F)
Using a graph, explain how an increase in technology will affect the equilibrium price and quantity of DVD players. Again using a graph, explain what happens in the market for video cassette recorders.
What will be an ideal response?
Which of the following is true?
A) Compound interest means that you are earning interest on the principal but not prior interest earned. B) All of the above are true. C) The law of compound interest highlights the importance of beginning to save at a young age. D) Assume a 7 percent rate of interest and a price of $6 per pack of cigarettes. Smoking one pack of cigarettes per day for 50 years will cost the smoker $109,500 (=$6 365 days50 years).