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

Author Question: Last year a firm made 1,000 units of its product available at a price of 5 per unit. This year the ... (Read 50 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Last year a firm made 1,000 units of its product available at a price of 5 per unit. This year the firm will still make 1,000 units available, but only if the price is 7 per unit. What is most likely to have happened?
 a. Supply has increased
  b. Supply has decreased
  c. Demand has decreased
  d. Quantity demanded has increased
  e. Quantity supplied has increased

Question 2

Which of the following is an example of a pure market economy?
 a. United States
 b. Switzerland
 c. Singapore
 d. No nation has a pure market economy


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


TVarnum

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

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

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

(A) A 62-year-old patient with myxedema exhibiting marked edema of the face and a somnolent look. Th (A) A 62-year-old patient with myxedema exhibiting marked edema of the face and a somnolent look. Th
Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
To find the derivative use product rule To find the derivative use product rule
Expressing amounts of energy in different energy units is necessary to solve many chemistry ... Expressing amounts of energy in different energy units is necessary to solve many chemistry ...
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library