« previous next »

Author Question: The Law of Demand is the reason behind: A) the price elasticity of demand having a positive ... (Read 52 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
The Law of Demand is the reason behind:
 
  A) the price elasticity of demand having a positive value.
  B) the income elasticity of demand having a positive value.
  C) the price elasticity of demand having a negative value.
  D) the income elasticity of demand having a negative value.

Question 2

Refer to the figure above. The MSB curve lies to the right of the demand curve because the production of Good Y involves ________.
 
  A) positive externalities
  B) negative externalities
  C) increasing returns to scale
  D) decreasing returns to scale


cloudre37

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Positive and Negative Symptoms of Schizophrenia Positive and Negative Symptoms of Schizophrenia
Crying Frequency in the Early Months In their first months of life, infants often cry for no appare Crying Frequency in the Early Months In their first months of life, infants often cry for no appare
A positive feedback loop. A positive feedback loop.
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Give the world a reason to remember your name Give the world a reason to remember your name
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library