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

Author Question: If other factors remain unchanged, technological progress in producing good X definitely will lead ... (Read 62 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Jun 29, 2018
If other factors remain unchanged, technological progress in producing good X definitely will lead to
 
  A) an increase in the market clearing price of good X and a decrease in the equilibrium quantity of good X.
  B) an increase in both the market clearing price and the equilibrium quantity of good X.
  C) a decrease in the market clearing price of good X and an increase in the equilibrium quantity of good X.
  D) a decrease in both the market clearing price and the equilibrium quantity of good X.

Question 2

From the economist's point of view
 
  A) wants and needs are exactly the same.
  B) a want is a lifesaving necessity.
  C) needs are objectively undefinable.
  D) we all have wants but only very poor people have needs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Jun 29, 2018
Correct answers!


LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

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.

Gunnar Kaasen and Balto, the lead dog on the last relay team of the 1925 serum run to Nome. Gunnar Kaasen and Balto, the lead dog on the last relay team of the 1925 serum run to Nome.
Common Risk Factors Common Risk Factors
Monozygotic twins’ scores for five personality factors show higher correlations than scores for ... Monozygotic twins’ scores for five personality factors show higher correlations than scores for ...
Three factors that influence the distribution of Na+ and K+ ions across the neural membrane. Three factors that influence the distribution of Na+ and K+ ions across the neural membrane.
Risk Factors for NSAID-Induced Gastrointestinal Ulcers Risk Factors for NSAID-Induced Gastrointestinal Ulcers
Kneeling on one knee to keep good alignment when massaging the arms and hands. Kneeling on one knee to keep good alignment when massaging the arms and hands.
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library