Author Question: The market demand curve is derived by: a. studying an individual's demand for a product over a ... (Read 41 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
The market demand curve is derived by:
 a. studying an individual's demand for a product over a year.
  b. comparing the monthly consumption of a group of people.
  c. surveying a set of consumers and ascertaining their preferences.
  d. adding up the quantities that consumers in a market are willing and able to purchase at each price.
  e. calculating the average price a random sample of consumers are willing to pay for a product.

Question 2

A market economy answers the question what goods will be produced by focusing on
 a. dollar votes.
 b. least-cost method of production.
  c. who can afford these goods.
 d. none of the above



vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

For a complete list of videos, visit our video library