Author Question: Changes in conditions of supply and demand lead to price changes. For which of the following types ... (Read 92 times)

shofmannx20 · **on:** Jun 29, 2018

Changes in conditions of supply and demand lead to price changes. For which of the following types of goods is the change in price likely to occur most quickly?

A) Commercial rents
B) Hourly labor
C) Public utilities
D) Residential rents
E) Retail groceries

Question 2

The principal way in which inflation imposes costs upon the members of a society is by

A) destroying the incentive to consume.
B) increasing the cost of planning correctly.
C) lowering wages relative to prices.
D) making goods more scarce.
E) raising the percentage of the population below the official poverty line.