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

Author Question: What is the law of demand and how do we illustrate it? What will be an ideal ... (Read 70 times)

oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
What is the law of demand and how do we illustrate it?
 
  What will be an ideal response?

Question 2

Which of the following is a reason why we should consider the federal national debt a problem?
 
  A) If the debt was incurred to finance research and development, crowding out will occur.
  B) If the debt drives up interest rates, crowding out will occur.
  C) The federal government is in danger of defaulting on its debt.
  D) If the debt was incurred to finance improvements in infrastructure, crowding out will occur.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

The law of demand states: Other things remaining the same, the higher the price of a good, the smaller is the quantity demanded; and the lower the price of a good, the greater is the quantity demanded. The law of demand is illustrated by a downward-sloping demand curve drawn with the quantity demanded on the horizontal axis and the price on the vertical axis. The slope is negative to show that the higher the price of a good, the smaller is the quantity demanded and the lower the price of a good, the greater is the quantity demanded.

Answer to Question 2

B


oliviahorn72

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Gracias!

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

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?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
The reason I selected this photo is to illustrate how seriously we must take all preaching of hatred ... The reason I selected this photo is to illustrate how seriously we must take all preaching of hatred ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas? If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas?
Physics - Illustrate how you understand charging by rubbing or friction Physics - Illustrate how you understand charging by rubbing or friction
Video: Blood Pressure Measurement

For a complete list of videos, visit our video library