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

Author Question: Suppose the price and quantity of steel fell at the same time. What might be the likelyexplanation ... (Read 88 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
Suppose the price and quantity of steel fell at the same time. What might be the likelyexplanation of this using supply and demand analysis?
 
  What will be an ideal response?

Question 2

Long-run economic growth requires all of the following except
 
  A) government provision of secure property rights. B) political instability.
  C) technological change. D) increases in capital per hour worked.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

The likelihood is that the demand for steel fell. This would push down the price of steel and it would also result in less steel produced and sold.

Answer to Question 2

B


dmcintosh

  • Member
  • Posts: 517
Reply 2 on: Jun 29, 2018
Excellent

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Time Slows Down Near Matter Time Slows Down Near Matter
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Weak bones cause the spine to collapse over time Weak bones cause the spine to collapse over time
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Time-of-entry mapping Time-of-entry mapping
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library