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

Author Question: The prices of certain goods, such as ice and gasoline, often increase after a natural disaster such ... (Read 46 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
The prices of certain goods, such as ice and gasoline, often increase after a natural disaster such as a hurricane. The economic explanation for this observation is that
 
  A) people panic in disaster situations.
  B) disasters bring out the worst in people.
  C) the disaster temporarily reduces the supply of the goods and increases the demand for the goods.
  D) the disaster temporarily reduces the supply of the goods and reduces the demand for the goods.

Question 2

When the price of tablets goes up and fewer tablets are purchased, this is representative of the
 
  A) law of demand.
  B) law of supply.
  C) law of market operations.
  D) law of increasing costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ambernicolefink

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


hbsimmons88

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
Wow, this really help

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

The birth weight of human infants is tightly constrained by natural selection. The birth weight of human infants is tightly constrained by natural selection.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Prices for Cotton and for Slaves, 1802–1860 Prices for Cotton and for Slaves, 1802–1860
Natural abundance of Mercury Natural abundance of Mercury
Atmospheric pressure decreases with increase in altitude. Atmospheric pressure decreases with increase in altitude.
The impact of climate change on natural ecosystems The impact of climate change on natural ecosystems
Video: Decubitus Ulcer

For a complete list of videos, visit our video library