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

Author Question: The law of supply states that, holding other factors constant, as price increases a. Quantity ... (Read 90 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jul 1, 2018
The law of supply states that, holding other factors constant, as price increases
 a. Quantity supplied increases
 b. Quantity supplied decreases
 c. Quantity demanded increases
  d. Quantity demanded decreases

Question 2

You raise your product price by 10 in market A but leave it unchanged in market B. Sales in A fall from 840 to 740 units per week while sales in B rise from 770 to 790 units. The Difference-in-difference estimate of the effect of the price change is:
 a. 80 units
 b. 100 units
  c. 120 units
  d. 140 units


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


theo

  • Member
  • Posts: 698
Reply 2 on: Jul 1, 2018
Excellent

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Conversion factors derivation. Conversion factors derivation.
Video: Electrical changes in the heart

For a complete list of videos, visit our video library