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

Author Question: Which of the following is an example of the law of supply? A) The price of gum has increased so ... (Read 49 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jun 29, 2018
Which of the following is an example of the law of supply?
 
  A) The price of gum has increased so producers are making more gum.
  B) The price of labor has increased and producers decrease supply.
  C) The amount of a good purchased increases when the price decreases.
  D) Producers provide less of a good when the price increases.

Question 2

In the above figure, the opportunity cost of moving from point A to point C is
 
  A) 50 guitars.
  B) 0 guitars.
  C) 25 guitars.
  D) 50 ukuleles.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


penguins

  • Hero Member
  • *****
  • Posts: 903
Reply #2 on: Jun 29, 2018
Correct answers!


Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
The proportion of U.S. adults in the workforce has increased slightly for older age groups over the ... The proportion of U.S. adults in the workforce has increased slightly for older age groups over the ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
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
The original Supply and Demand graph The original Supply and Demand graph
Video: Oxygen - hemoglobin dissociation curve & Hemoglobin's affinity with oxygen - acidity

For a complete list of videos, visit our video library