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

Author Question: The quantity of newspapers sold will decline if: a. newsprint becomes more expensive. b. the ... (Read 18 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
on: Jun 30, 2018
The quantity of newspapers sold will decline if:
 a. newsprint becomes more expensive.
 b. the printers' union makes wage concessions.
  c. newspaper prices are reduced.
 d. magazine prices rise.

Question 2

If the price of oil increased by 15 percent when oil producers believed that other prices were rising 10 percent over the same period, what would happen to the quantity of real output supplied by the oil industry?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tuwy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

Oil producers would be subject to the misperception effect. This would typically only occur in the short run. The oil producers would be fooled by the price changes in the short run and believe they had the opportunity to make greater profits by expanding their output, since they believe the value of their product is rising faster than other products.


cabate

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

The greatest bone mass is found around age 30 for both men and women, with the later decline being f The greatest bone mass is found around age 30 for both men and women, with the later decline being f
Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ... Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ...
Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ... Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ...
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library