Author Question: The law of demand tells us that people will buy more of a good if A) the price of that good ... (Read 33 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
The law of demand tells us that people will buy more of a good if
 
  A) the price of that good decreases.
  B) the prices of other goods decrease.
  C) people's income increases.
  D) every factor that can affect people's buying decisions changes.

Question 2

In economics
 
  A) both resources and wants are limited.
  B) both resources and wants are unlimited.
  C) resources are limited but wants are unlimited.
  D) resources are unlimited but wants are limited.



Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Shshxj

  • Sr. Member
  • ****
  • Posts: 335

 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library