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

Author Question: The price of a new textbook increased by 25 percent and the price of a used textbook increased by 30 ... (Read 47 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The price of a new textbook increased by 25 percent and the price of a used textbook increased by 30 percent. What happened to the relative price of the new textbook?
 
  A) It increased by 5 percent.
  B) It increased, but we can't tell by how much without more information.
  C) It decreased by 5 percent.
  D) It decreased, but we can't tell by how much without more information.

Question 2

Refer to the above figure. Suppose that the supply curve shifts from SA to SB while the demand curve remains at DA. Which of the following is TRUE?
 
  A) Only quantity supplied has increased.
  B) Only quantity demanded has decreased.
  C) Supply has increased.
  D) Supply has decreased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lgoldst9

  • Sr. Member
  • ****
  • Posts: 372
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


ENagel

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


lgoldst9

  • Sr. Member
  • ****
  • Posts: 372
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Any number of crossovers gives 50 percent recombinants Any number of crossovers gives 50 percent recombinants
Two areas of reduced cortical volume and one area of increased cortical volume observed in people ... Two areas of reduced cortical volume and one area of increased cortical volume observed in people ...
SSRIs block the reuptake of serotonin into nerve terminals, resulting in increased serotonin levels. SSRIs block the reuptake of serotonin into nerve terminals, resulting in increased serotonin levels.
Increased amounts of "screen time" are contributing to decreased amounts of physical ... Increased amounts of "screen time" are contributing to decreased amounts of physical ...
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
A little part of textbook image A little part of textbook image
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library