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

Author Question: The law of demand shows that there is A) an inverse relationship between price and profit. B) an ... (Read 26 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The law of demand shows that there is
 
  A) an inverse relationship between price and profit.
  B) an inverse relationship between price and resource cost.
  C) an inverse relationship between price and quantity demanded.
  D) a direct relationship between price and quantity demanded.

Question 2

Under a pure price system, the decision of resource allocation is made by
 
  A) the head of the government.
  B) a queen or king.
  C) individuals who own the resources.
  D) no one.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


casperchen82

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Excellent

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar
The heme group viewed from the side. This view shows the two coordination bonds to Fe2+ The heme group viewed from the side. This view shows the two coordination bonds to Fe2+
Attachment is a close emotional relationship. Attachment is a close emotional relationship.
Data from more than 22,000 men over the age of 40, showing the relationship between birth weight and ... Data from more than 22,000 men over the age of 40, showing the relationship between birth weight and ...
Profit-maximizing Chart Profit-maximizing Chart
Major bone (tan) and cartilage (light blue) elements of the human skeleton. Inset shows regions of v Major bone (tan) and cartilage (light blue) elements of the human skeleton. Inset shows regions of v
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library