« previous next »

Author Question: When economists talk about a demand schedule for a product, they mean A) the amount of a good ... (Read 34 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
When economists talk about a demand schedule for a product, they mean
 
  A) the amount of a good that consumers intend to purchase at each price in a set of possible prices in a given time period.
  B) the amount of a good that consumers are able to purchase (though they might not be willing to) at different prices in a given period of time.
  C) the amount of a good that consumers intend to purchase at only one particular price in a given period of time.
  D) the amount of a good that producers are willing to make available for sale at a particular price in a given time period.

Question 2

A situation in which a benefit or a cost associated with an economic activity spills over to third parties is called
 
  A) a public good.
  B) a merit good.
  C) an externality.
  D) the free-rider problem.


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

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

Charles E. Coughlin, the “Radio Priest,” was the father of conservative “talk radio.” Charles E. Coughlin, the “Radio Priest,” was the father of conservative “talk radio.”
Deviancy training is a process by which antisocial peers encourage antisocial talk among friends, ... Deviancy training is a process by which antisocial peers encourage antisocial talk among friends, ...
An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ... An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ...
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Present Value Formula: Amortization Schedule Present Value Formula: Amortization Schedule
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
Video: Insulin (glucose uptake by body cells), glycogenesis and lipogenesis

For a complete list of videos, visit our video library