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

Author Question: If a price decrease results in your expenditure on a good decreasing, your demand must be A) ... (Read 41 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
If a price decrease results in your expenditure on a good decreasing, your demand must be
 
  A) inelastic.
  B) unit.
  C) elastic.
  D) linear.

Question 2

The government sets a price floor for corn which is above the equilibrium price of corn. As a result, ________.
 
  A) the corn market will be efficient
  B) a deadweight loss will be created
  C) a shortage of corn will be created
  D) none of the above answers is correct


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


jwb375

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

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

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

New results from NASA's NEOWISE survey New results from NASA's NEOWISE survey
Reduced mobility in late adulthood often results in more limited activities and smaller social ... Reduced mobility in late adulthood often results in more limited activities and smaller social ...
Benedict's test results Benedict's test results
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
An example of DNA profile results for the 13 original CODIS STRs An example of DNA profile results for the 13 original CODIS STRs
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library