This topic contains a solution. Click here to go to the answer

Author Question: In 2014, the price of peanuts was rising, which led peanut butter sellers and peanut butter buyers ... (Read 133 times)

B

  • Hero Member
  • *****
  • Posts: 570
In 2014, the price of peanuts was rising, which led peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. In the current market for peanut butter, the price rises and the quantity increases.
 
  This set of results means that A) demand increased by more than supply decreased.
  B) supply decreased by more than demand increased.
  C) demand increased by more than supply increased.
  D) supply decreased by more than demand decreased.

Question 2

When profits are the result of pure luck, they can be distinguished from profits attributable to correct predictions by
 
  A) asking the people who profited.
  B) finding out whether the profits were earned through effort.
  C) no known empirical criteria.
  D) whether or not they were generally anticipated.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

A

Answer to Question 2

C




B

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Excellent


apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

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?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

For a complete list of videos, visit our video library