This topic contains a solution. Click here to go to the answer

Author Question: Which of the following indicates that there is a shortage in the market? A) Demand is rising. B) ... (Read 43 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
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
Answer to Question 1

C

Answer to Question 2

D




tfester

  • Member
  • Posts: 534
Reply 2 on: Jul 1, 2018
Excellent


jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The human body produces and destroys 15 million blood cells every second.

For a complete list of videos, visit our video library