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

Author Question: Assuming supply is held constant, an increase in demand for a product will cause an increase in the ... (Read 88 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Jun 30, 2018
Assuming supply is held constant, an increase in demand for a product will cause an increase in the equilibrium price and the amount bought and sold.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A public good will:
 a. be efficiently provided by the free market as long as its total benefits exceed its total costs.
  b. be efficiently provided by the free market as long as its marginal benefits exceed its marginal costs.
  c. be provided in less than efficient quantities by the free market.
  d. be provided in efficient quantities by voluntary contributions.
  e. not be provided by the government.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jomama

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


go.lag

  • Member
  • Posts: 667
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

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.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first
Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ...
Converting the universal gas constant Converting the universal gas constant
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Arthroscopy

For a complete list of videos, visit our video library