This topic contains a solution. Click here to go to the answer

Author Question: Suppose that there is an improvement in technology in the market for iPhones. Which of the following ... (Read 117 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
Suppose that there is an improvement in technology in the market for iPhones. Which of the following is TRUE?
 
  A) Supply will increase and the market clearing price will fall.
  B) Supply will increase and the market clearing price will rise.
  C) Demand will increase and the market clearing price will rise.
  D) Demand will increase and the market clearing price will fall.

Question 2

The price of a loaf of bread is 1.50, the price of a gallon of milk is 3.00, and the price of a pound of butter is 2.40.
 
  The price of a loaf of bread relative to a gallon of milk is ________, while the price of a gallon of milk relative to a pound of butter is ________. A) 0.5; 0.8.
  B) 0.5; 1.25.
  C) 2.0; 1.25.
  D) 2.0; 0.8.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

GCabra

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

A

Answer to Question 2

B




Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Wow, this really help


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

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.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

For a complete list of videos, visit our video library