This topic contains a solution. Click here to go to the answer

Author Question: Prices in a market economy perform a rationing function because they reflect A) the demand of all ... (Read 91 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
Prices in a market economy perform a rationing function because they reflect
 
  A) the demand of all buyers in the market.
  B) the extent to which the goods are necessities.
  C) the strength of the supply curve.
  D) the relative scarcity of the goods.

Question 2

The aggregate supply curve in the classical model is
 
  A) horizontal.
  B) vertical.
  C) upward sloping.
  D) downward sloping.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

D

Answer to Question 2

B




2125004343

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

For a complete list of videos, visit our video library