« previous next »

Author Question: Starting from a pure exchange equilibrium, an increase in the demand for a commodity will result in: ... (Read 234 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
Starting from a pure exchange equilibrium, an increase in the demand for a commodity will result in:
 a. a fall in the market price.
  b. a rise in the market price.
  c. a rise in the equilibrium output.
  d. a fall in the equilibrium output.

Question 2

Identify the characteristics of a monopoly firm.
 a. The existence of barriers to entry and production of a homogeneous product
  b. The production of a unique product and a large number of sellers in the market
  c. The production of a standardized product and the firm is a price taker
  d. The existence of barriers to entry and the firm is a price taker
  e. The existence of barriers to entry and the firm is a price maker


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
Entrepreneurship: Starting and Operating a Small Business (3rd Edition) Entrepreneurship: Starting and Operating a Small Business (3rd Edition)
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
Same pair of homologs, but with an exchange occurring between two nonsister chromatids Same pair of homologs, but with an exchange occurring between two nonsister chromatids
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library