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Author Question: In the market for resources, demand and supply: a. do not behave in the same way as they do in ... (Read 71 times)

RRMR

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on: Jun 30, 2018
In the market for resources, demand and supply:
 a. do not behave in the same way as they do in product markets.
  b. behave in exactly the same way as they do in product markets.
  c. curves usually do not intersect at equilibrium.
  d. are both controlled by firms.
  e. are both controlled by households

Question 2

Which of the following is a possible cause of an increase in profit from the sale of goods and services?
 a. A decrease in the per capita income of consumers
 b. A decrease in the price of a substitute good or a service
 c. An increase in the availability of raw materials
 d. A decrease in the price of a good or service, everything else held constant
  e. An increase in the price of a good or service, everything else held constant


Tonny

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

b

Answer to Question 2

e


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RRMR

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Reply #2 on: Jun 30, 2018
Thank you :)


Tonny

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Reply #3 on: Jun 30, 2018
Happy to help you


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