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

Author Question: When the term price is used in the law of demand, price refers to A) the dollar price of the ... (Read 67 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
When the term price is used in the law of demand, price refers to
 
  A) the dollar price of the good.
  B) the price of the good relative to the price of another good.
  C) the absolute price of the good.
  D) the nominal price of the good relative to its nominal price in the previous year.

Question 2

The price system has
 
  A) prices fixed by the government.
  B) prices fixed by the seller.
  C) voluntary exchange.
  D) prices fixed by the producer.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jun 29, 2018
Wow, this really help

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Cellular changes associated with short-term and long-term memory in the sea slug. Cellular changes associated with short-term and long-term memory in the sea slug.
A full-term pregnancy. Image illustrates position of the fetus and the structures associated with pr A full-term pregnancy. Image illustrates position of the fetus and the structures associated with pr
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Long Term Control Medications Long Term Control Medications
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Post-term birth rates, by province/territory, Canada Post-term birth rates, by province/territory, Canada
Video: Deglutition

For a complete list of videos, visit our video library