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

Author Question: If the price of sandals is fixed by law below the market-clearing price, A) a surplus of sandals ... (Read 59 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
If the price of sandals is fixed by law below the market-clearing price,
 
  A) a surplus of sandals will result.
  B) sandal inventories at shoe stores will be smaller.
  C) sandal sellers will spend more on advertising.
  D) the quantity of sandals demanded will be greater than the quantity supplied.
  E) the quantity of sandals demanded will be less than the quantity supplied.

Question 2

In the economic way of thinking, information is a scarce economic good because
 
  A) people need more information.
  B) modern-day capitalism turned information into a tradable commodity.
  C) it is valuable, and there are opportunity costs to get it.
  D) a political conspiracy limits its production to keep citizens uninformed.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jun 29, 2018
Correct answers!


jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

A fixed action pattern elicited by a sign stimulus. A fixed action pattern elicited by a sign stimulus.
Summation of Heart Sounds, Fixed Splitting of S2 Summation of Heart Sounds, Fixed Splitting of S2
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Digestive chemicals - water, gastric acid, bile & bicarbonate

For a complete list of videos, visit our video library