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

Author Question: Which of the following is an example of the law of supply? A) The price of gum has increased so ... (Read 107 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jun 29, 2018
Which of the following is an example of the law of supply?
 
  A) The price of gum has increased so producers are making more gum.
  B) The price of labor has increased and producers decrease supply.
  C) The amount of a good purchased increases when the price decreases.
  D) Producers provide less of a good when the price increases.

Question 2

In the above figure, the opportunity cost of moving from point A to point C is
 
  A) 50 guitars.
  B) 0 guitars.
  C) 25 guitars.
  D) 50 ukuleles.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


penguins

  • Hero Member
  • *****
  • Posts: 903
Reply #2 on: Jun 29, 2018
Correct answers!


Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Remedies for insomnia include increased physical exercise and time spent outdoors. Remedies for insomnia include increased physical exercise and time spent outdoors.
Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ... Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ...
Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ... Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ...
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ... Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Blood Supply to the Lungs Blood Supply to the Lungs
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library