« 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 76 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?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

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.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

The wild radish, Raphanus sativus, has become a model for studying the mating behaviour of plants. The wild radish, Raphanus sativus, has become a model for studying the mating behaviour of plants.
Lynx-hare interactions have served as a model system for the study of the effects o Lynx-hare interactions have served as a model system for the study of the effects o
Peak flow meter with marker for the zero position. Peak flow meter with marker for the zero position.
Apply deep circular friction with the fingertips to the erector muscles on the right side, moving ... Apply deep circular friction with the fingertips to the erector muscles on the right side, moving ...
(A) Slide the hand up the shoulder and neck to GB-20 and Bl-10. (B) Fingertip press or circular ... (A) Slide the hand up the shoulder and neck to GB-20 and Bl-10. (B) Fingertip press or circular ...
The torpedo model of eukaryotic transcription termination The torpedo model of eukaryotic transcription termination
Video: Labor and Childbirth - The Three Stages of Labor: Dilation, Expulsion & Placental مراحل الولادة

For a complete list of videos, visit our video library