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

Author Question: Which of the following indicates that there is a shortage in the market? A) Demand is rising. B) ... (Read 44 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Jul 1, 2018
Which of the following indicates that there is a shortage in the market?
 
  A) Demand is rising.
  B) Demand is falling.
  C) Price is rising.
  D) Price is falling.

Question 2

If a non-renewable resource is scarce, has constant marginal cost of production, and is sold in a competitive market,
 
  A) its price will increase over time.
  B) its price will exceed marginal cost.
  C) its price will increase by the rate of interest.
  D) All of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


tfester

  • Member
  • Posts: 534
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Main Hall, Trajan's Market Main Hall, Trajan's Market
Rising sea levels will affect millions in coastal zones and on islands Rising sea levels will affect millions in coastal zones and on islands
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Carbohydrate digestion (brush border enzymes, end products) & Carb absorption (fructose, galactose)

For a complete list of videos, visit our video library