Author Question: According to the Application, the market price of meteorites varies from a few dollars per gram to ... (Read 107 times)

PhilipSeeMore · **on:** Jun 30, 2018

According to the Application, the market price of meteorites varies from a few dollars per gram to hundreds of dollars per gram. In a market system like the market for meteorites, prices vary due to

A) government intervention in the pricing of the products.
B) outsourcing.
C) the lack of accounting rules in this market.
D) the relative scarcity, or rarity, of the product.

Question 2

If the price of monthly satellite TV service increases from 40 to 50, the percentage change is

A) 5 percent. B) 20 percent. C) 25 percent. D) 45 percent.