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

Author Question: If the supply curves for the following goods were plotted, they all would slope upward except one. ... (Read 61 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jul 1, 2018
If the supply curves for the following goods were plotted, they all would slope upward except one. Which is the exception?
 a. red Corvettes
  b. yogurt
  c. diamond rings
  d. original copies of the Mona Lisa
  e. wine from Greece

Question 2

The basic reason that supply curves slope upward is that
 a. demand curves slope downward
  b. production is characterized by increasing costs
  c. profits decline as product prices rise
  d. greater output can only result from improved technology
  e. price and quantity supplied are inversely related


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rleezy04

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Bernana

  • Member
  • Posts: 530
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012 Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012
A 40.0-kg crate is being raised by means of a rope. Its upward acceleration is 2.00 m/s2. What ... A 40.0-kg crate is being raised by means of a rope. Its upward acceleration is 2.00 m/s2. What ...
Video: Integumentary Anatomy

For a complete list of videos, visit our video library