This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is an example of the law of supply? A) The price of gum has increased so ... (Read 29 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jun 29, 2018
Which of the following is an example of the law of supply?
 
  A) The price of gum has increased so producers are making more gum.
  B) The price of labor has increased and producers decrease supply.
  C) The amount of a good purchased increases when the price decreases.
  D) Producers provide less of a good when the price increases.

Question 2

In the above figure, the opportunity cost of moving from point A to point C is
 
  A) 50 guitars.
  B) 0 guitars.
  C) 25 guitars.
  D) 50 ukuleles.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


penguins

  • Hero Member
  • *****
  • Posts: 903
Reply #2 on: Jun 29, 2018
Correct answers!


Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Deforestation and increased road-building in the Amazon Rainforest are a significant concern because Deforestation and increased road-building in the Amazon Rainforest are a significant concern because
The proportion of obese and extremely obese adults in the United States has increased over the past The proportion of obese and extremely obese adults in the United States has increased over the past
Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ... Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ...
Increased amounts of "screen time" are contributing to decreased amounts of physical ... Increased amounts of "screen time" are contributing to decreased amounts of physical ...
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Increased Risk of Knee Osteoarthritis Increased Risk of Knee Osteoarthritis
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library