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

Author Question: Explain why there is a direct relationship between price and quantity supplied. What will be an ... (Read 92 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Explain why there is a direct relationship between price and quantity supplied.
 
  What will be an ideal response?

Question 2

A production possibilities curve will shift inward
 
  A) when the unemployment rate increases.
  B) when production is inefficient.
  C) when resources are expanding.
  D) when a war destroys the capital goods of a country.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lgoldst9

  • Sr. Member
  • ****
  • Posts: 372
Reply #1 on: Jun 29, 2018
Answer to Question 1

For firms to produce more of a good per time period they have to purchase more materials, hire more labor, and purchase other inputs used to make the good. To get the producer to pay these higher costs it is necessary to increase the price the seller receives for each unit sold. Firms will also increase quantity supplied if the price of that good increases, allowing the firm to gain additional profits. The profits are incentives for the supplier to produce more.

Answer to Question 2

D


Redwolflake15

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Gracias!

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

When working with the patient with impaired hearing, the interpreter needs to direct questions to th When working with the patient with impaired hearing, the interpreter needs to direct questions to th
Mujahideen in Afghanistan stand on top of a Soviet helicopter shot down with U.S.-supplied Stinger ... Mujahideen in Afghanistan stand on top of a Soviet helicopter shot down with U.S.-supplied Stinger ...
Mechanisms to Explain the Effects of Massage Mechanisms to Explain the Effects of Massage
Apply circular friction and direct pressure to suboccipital muscles one side at a time.Turn head to ... Apply circular friction and direct pressure to suboccipital muscles one side at a time.Turn head to ...
A relationship between folate and B12 metabolism A relationship between folate and B12 metabolism
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library