Author Question: If quantity of tea is measured on the horizontal axis and quantity of coffee is measured on the ... (Read 125 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
If quantity of tea is measured on the horizontal axis and quantity of coffee is measured on the vertical axis, an increase in the price of coffee will cause the budget constraint to:
 
  A) pivot leftward along the vertical axis.
  B) pivot rightward along the vertical axis.
  C) pivot leftward along the horizontal axis.
  D) pivot rightward along the horizontal axis.

Question 2

During crisis periods, such as major snowstorms, the prices of basic goods, such as bread and milk rise. The price increases are clear evidence of
 
  A) price gouging.
  B) government regulation.
  C) the market making it possible for the people who place the highest monetary value on bread and milk get bread and milk.
  D) corruption.



elyse44

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

For a complete list of videos, visit our video library