This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If resource A and resource B are substitutes of each other and the price of resource A increases, ... (Read 70 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 30, 2018
If resource A and resource B are substitutes of each other and the price of resource A increases, then:
 a. the price elasticity of demand for resource B will increase.
  b. the demand for resource A will increase.
  c. the demand for resource B will increase.
  d. the price elasticity of demand for resource B will decrease.
  e. the demand for resource B will decrease.

Question 2

Economic growth is represented by an inward shift of the production possibility curve.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kiamars2010

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jun 30, 2018
Gracias!

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ... Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ...
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
Relationship between Resource Use and Growth Relationship between Resource Use and Growth
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Polyploidy increases fruit size Polyploidy increases fruit size
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library