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Author Question: Which of the following is consistent with the law of demand? A) An increase in the price of a DVD ... (Read 44 times)

acc299

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on: Jun 29, 2018
Which of the following is consistent with the law of demand?
 
  A) An increase in the price of a DVD causes an increase in the quantity of DVDs demanded.
  B) An increase in the price of a soda causes a decrease in the quantity of soda demanded.
  C) A decrease in the price of a gallon of milk causes a decrease in the quantity of milk demanded.
  D) A decrease in the price of juice causes no change in the quantity of juice demanded.

Question 2

If new capital increases labor productivity, the supply of labor ________ and the demand for labor ________.
 
  A) stays the same; increases
  B) increases; increases
  C) increases; decreases
  D) decreases; stays the same


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Qarqy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Right on time. Thanks a bunch.

Answer to Question 2

A


acc299

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jomama

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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