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 43 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
:D TYSM

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

The relationship between number of acres a Kipsigis man owns and the number of offspring he has duri The relationship between number of acres a Kipsigis man owns and the number of offspring he has duri
Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced
The photo shows an ultrasound image of a fetus of about 20 weeks’ gestational age. The photo shows an ultrasound image of a fetus of about 20 weeks’ gestational age.
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ... This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
A relationship between folate and B12 metabolism A relationship between folate and B12 metabolism
Graph shows the living arrangements of Canadian seniors Graph shows the living arrangements of Canadian seniors
Video: Sex-Linked Traits! How are eye colors inherited in fruit flies?

For a complete list of videos, visit our video library