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Author Question: The law of demand shows that there is A) an inverse relationship between price and profit. B) an ... (Read 24 times)

casperchen82

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on: Jun 29, 2018
The law of demand shows that there is
 
  A) an inverse relationship between price and profit.
  B) an inverse relationship between price and resource cost.
  C) an inverse relationship between price and quantity demanded.
  D) a direct relationship between price and quantity demanded.

Question 2

Under a pure price system, the decision of resource allocation is made by
 
  A) the head of the government.
  B) a queen or king.
  C) individuals who own the resources.
  D) no one.


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heinisk01

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


casperchen82

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

patma1981

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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