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Author Question: Scarcity forces people to A) cheat and steal. B) consume as much as they can as quickly as they ... (Read 202 times)

penguins

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on: Jun 30, 2018
Scarcity forces people to
 
  A) cheat and steal.
  B) consume as much as they can as quickly as they can.
  C) choose among available alternatives.
  D) live at a low standard of living.
  E) be unwilling to help others.

Question 2

Figure 4.2 illustrates the supply and demand for t-shirts. If the actual price of t-shirts is 15, there is an
 
  A) excess supply of 10 t-shirts. B) excess supply of 8 t-shirts.
  C) excess demand of 8 t-shirts. D) excess demand of 10 t-shirts.


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joanwhite

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


penguins

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Reply #2 on: Jun 30, 2018
Thank you


joanwhite

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Reply #3 on: Jun 30, 2018
No problemo


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