Author Question: A demand curve shows the relationship between price and quantity demanded, other things remaining ... (Read 86 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
A demand curve shows the relationship between price and quantity demanded, other things remaining constant. The other things that remain constant include all of the following except the:
 a. price of the product.
 b. price of complementary products.
 c. price of substitute products.
 d. number of consumers in the demographic group purchasing the product.

Question 2

The long-run aggregate supply relationship refers to:
 a. a time period long enough for the prices of both outputs and inputs to adjust to changes in the economy.
  b. any time period of more than a year.
 c. a time period in which input prices can change, but output prices have not had time to adjust.
 d. a time period in which output prices can change but input prices have not had time to adjust.



IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

a

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

For a complete list of videos, visit our video library