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Author Question: A permanent decrease in demand for convenience store services is likely to cause which of the ... (Read 21 times)

jilianpiloj

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  • Posts: 521
on: Jun 30, 2018
A permanent decrease in demand for convenience store services is likely to cause which of the following in the long run?
 a. an economic loss for each firm
  b. a higher price for each firm's output
  c. fewer firms in the industry
  d. more firms in the industry
  e. economic profit for each firm

Question 2

If a voter expects to have little effect on government choices, that voter's behavior will reflect
 a. rational ignorance
  b. a cyclical majority
  c. rent seeking
  d. vote trading
  e. a zero-sum game


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ambernicolefink

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

C

Answer to Question 2

A


jilianpiloj

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

xthemafja

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Reply 3 on: Yesterday
Wow, this really help

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