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

Author Question: The sum of the individual demands of all consumers in the market is called a. individual demand b. ... (Read 67 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jul 1, 2018
The sum of the individual demands of all consumers in the market is called
 a. individual demand
  b. market demand
  c. inferior good
  d. market supply
  e. quantity demanded

Question 2

The explanation for the law of demand begins with
 a. a small number of wants satisfied by scarce resources
  b. finite wants satisfied by infinite resources
  c. unlimited wants confronting scarce resources
  d. unlimited wants matching up with unlimited resources
  e. prices acting as signals to existing and potential suppliers


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices
A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
There are four hospitals (consumers in this example) willing to pay the following amounts for a ... There are four hospitals (consumers in this example) willing to pay the following amounts for a ...
Overweight individual with acanthosis nigricans Overweight individual with acanthosis nigricans
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library