« previous next »

Author Question: Scarcity is A) a situation of shortage after a hurricane. B) a permanent human condition ... (Read 49 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
Scarcity is
 
  A) a situation of shortage after a hurricane.
  B) a permanent human condition relative to the nearly limitless nature of human desires.
  C) represented by long lines at stores.
  D) the same thing as poverty.

Question 2

Suppose you are told that the equilibrium price of gasoline has increased, while the equilibrium quantity of gasoline has fallen. You are also told that either the demand changed or supply changed, but not both.
 
  Which of the following must have occurred? A) Demand increased.
  B) Demand decreased.
  C) Supply increased.
  D) Supply decreased.


coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

The pH of human blood ranges from 7.35 to 7.45. The pH of human blood ranges from 7.35 to 7.45.
Human Figure Human Figure
Chart showing average yearly dose of radiation from natural and human-made sources Chart showing average yearly dose of radiation from natural and human-made sources
The human metallothionein IIA gene promoter The human metallothionein IIA gene promoter
Main components of the human endocrine system and the effects of their secretions Main components of the human endocrine system and the effects of their secretions
Human Gonads Human Gonads
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library