QUESTION 17 If the supply of pencils, a substitute for pens, increases, the equi

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QUESTION 17 If the supply of pencils, a substitute for pens, increases, the equilibrium price of both pens and pencils will fall. True False QUESTION 18 Which of the following statements is correct? Macroeconomists would be more likely to study inflation, and microeconomists would be more likely to study rent control in New York City. Microeconomists would be more likely to study inflation, and macroeconomists would be more likely to study rent control in New York City Macroeconomists would be more likely than microeconomists to study both inflation and rent control in New York City Microeconomists would be more likely than macroeconomists to study both inflation and rent control in New York City Save All Ans

Explanation / Answer

17 its is false

18 macreonomics would be more likely to study inflation and macreonomics would be more likely to study rent control in new york is correct

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