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

Author Question: The law of supply states that, holding other factors constant, as price increases a. Quantity ... (Read 148 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jul 1, 2018
The law of supply states that, holding other factors constant, as price increases
 a. Quantity supplied increases
 b. Quantity supplied decreases
 c. Quantity demanded increases
  d. Quantity demanded decreases

Question 2

You raise your product price by 10 in market A but leave it unchanged in market B. Sales in A fall from 840 to 740 units per week while sales in B rise from 770 to 790 units. The Difference-in-difference estimate of the effect of the price change is:
 a. 80 units
 b. 100 units
  c. 120 units
  d. 140 units


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


theo

  • Member
  • Posts: 698
Reply 2 on: Jul 1, 2018
Wow, this really help

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Prevalence of Obesity in the United States Prevalence of Obesity in the United States
German and Irish Settlement in the Northeastern United States, 1870 German and Irish Settlement in the Northeastern United States, 1870
Selected biological, psychological, and sociological factors in the development of personality ... Selected biological, psychological, and sociological factors in the development of personality ...
Factors That Affect Your Basal Metabolic Rate Factors That Affect Your Basal Metabolic Rate
Relationship between Income and Happiness in the United States Relationship between Income and Happiness in the United States
Two techniques for holding and inserting an otoscope Two techniques for holding and inserting an otoscope
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library