« previous next »

Author Question: Which of the following is not a flow in the circular flow model? A) the flow of profit and the ... (Read 69 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Which of the following is not a flow in the circular flow model?
 
  A) the flow of profit and the flow of revenue
  B) the flow of income earned by households and the flow of expenditures incurred by households
  C) the flow of revenue received by producers and the flow of payments to resource owners
  D) the flow of goods and services and the flow of resources to produce goods and services

Question 2

What is the relationship between individual demand and market demand?
 
  What will be an ideal response?


guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The market demand equals the sum of the individual quantities demanded by all the demanders at each price. Therefore the market demand curve equals the horizontal sum of the individual demand curves.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

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?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Water striders serve as a model organism for the study of sexual conflict between males and females. Water striders serve as a model organism for the study of sexual conflict between males and females.
Angioplasty. One form is called balloon angioplasty, shown here. A balloon catheter is threaded into Angioplasty. One form is called balloon angioplasty, shown here. A balloon catheter is threaded into
Heart Model Heart Model
Laminar flow hood. Laminar flow hood.
Circular friction over attachments at knee. Apply with fingertips or palms. Circular friction over attachments at knee. Apply with fingertips or palms.
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library