Author Question: In the market for resources, demand and supply: a. do not behave in the same way as they do in ... (Read 88 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
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

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

b

Answer to Question 2

e



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

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?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

For a complete list of videos, visit our video library