Author Question: The horizontal summation of individual demand curves gives: a. a supply curve. b. a Phillips ... (Read 73 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
The horizontal summation of individual demand curves gives:
 a. a supply curve.
  b. a Phillips curve.
  c. a market demand curve.
  d. the quantity supplied.
  e. a production function.

Question 2

A demand curve:
 a. has a positive slope.
  b. illustrates the negative relationship between price and quantity demanded.
  c. illustrates the positive relationship between price and quantity demanded.
  d. is based on the assumption of a stable supply curve.
  e. shifts about in a random fashion.



zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

c

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

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?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

For a complete list of videos, visit our video library