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Author Question: Which of these is a likely consequence of an increase in the price level in the economy, other ... (Read 25 times)

wenmo

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Which of these is a likely consequence of an increase in the price level in the economy, other things constant?
 a. Firms demanding less imported raw materials
 b. Government demanding less military hardware
 c. Foreigners demanding greater amount of U.S. goods
  d. Households demanding more housing and furniture
  e. Firms demanding more capital resources

Question 2

For a kinked demand curve, the marginal revenue curve is:
 a. positively sloped.
  b. a horizontal line.
  c. a vertical line.
  d. discontinuous.
  e. above the demand curve.



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jessicaduplan

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Answer to Question 1

b

Answer to Question 2

d




wenmo

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


cpetit11

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Reply 3 on: Yesterday
Wow, this really help

 

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