Activities designed to convert resources into goods and services is known as A) supply. B) ...

Author Question: Activities designed to convert resources into goods and services is known as A) supply. B) ... (Read 33 times)

burton19126

Hero Member
Posts: 532

on: Jun 29, 2018

Activities designed to convert resources into goods and services is known as

A) supply.
B) consumption.
C) production.
D) scarcity.

Question 2

Ceteris paribus, as the price of a good or service increases

A) people will buy more of it.
B) people will buy less of it.
C) people will want less of it.
D) people will want more of it.

wshriver

Sr. Member
Posts: 318

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

B

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