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

Author Question: Pam graduates from law school and gets a position in a law firm. At the same time the price of ... (Read 10 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Pam graduates from law school and gets a position in a law firm. At the same time the price of hamburger falls while other food prices have stayed the same. She notices that she buys less hamburger than she did before.
 
  Is she violating the law of demand? A) Yes, since she is buying less hamburger at a lower price.
  B) Yes, since she is buying less hamburger in a relatively short period of time and we wouldn't expect her tastes to have changed.
  C) No, since the law of demand refers to relative price changes and the price of hamburger falling is an absolute price change.
  D) No, since other things are not held constant, such as her income.

Question 2

When an employee at a grocery store scans the price of your items, bags the groceries, and collects your paper, the individual has provided
 
  A) physical capital.
  B) entrepreneurship.
  C) a service.
  D) land.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joshbk44

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


kellyjaisingh

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Wow, this really help

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

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?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Thymus gland. (A) Appearance and position; (B) with anatomic structures. Thymus gland. (A) Appearance and position; (B) with anatomic structures.
Nerves can transmit many signals at the same time Nerves can transmit many signals at the same time
Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
The environmental policy changes over time The environmental policy changes over time
Accumulation of toxicants over time and up the food chain Accumulation of toxicants over time and up the food chain
Grand Funk Railroad - Bad Time Grand Funk Railroad - Bad Time
Video: Causes of Angina

For a complete list of videos, visit our video library