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

Author Question: A rise in demand for restaurant meals is likely to cause which of the following in the long run? a. ... (Read 123 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
A rise in demand for restaurant meals is likely to cause which of the following in the long run?
 a. economic losses for each restaurant
  b. a lower price for each restaurant meal
  c. fewer restaurants in the industry
  d. more restaurants in the industry
  e. economic profit for restaurants

Question 2

Generally, people are more satisfied with private market outcomes than with public voting outcomes because
 a. each consumer in the private market can choose the quantity he or she desires
  b. most people are near the median
  c. the prices are lower
  d. markets are involuntary
  e. there are too many choices to make in the public sector


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


wrbasek0

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Thank you :)


jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Rise of the mobile phone Rise of the mobile phone
Having a time zone map located near the telephone will assist you when making long distance calls ou Having a time zone map located near the telephone will assist you when making long distance calls ou
When young infants hold objects for a long period of time they eventually become habituated to them. When young infants hold objects for a long period of time they eventually become habituated to them.
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Types of Long-Term Memories Types of Long-Term Memories
Video: Role of complement proteins

For a complete list of videos, visit our video library