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

Author Question: Because of scarcity, rationing is A) unimportant because people get what they want. B) necessary ... (Read 95 times)

audie

  • Hero Member
  • *****
  • Posts: 532
Because of scarcity, rationing is
 
  A) unimportant because people get what they want.
  B) necessary because people cannot get everything they want.
  C) unimportant because prices clear markets.
  D) not a problem because governments can determine what everybody wants.

Question 2

A decrease in quantity demanded of a good is caused by
 
  A) a decrease in income.
  B) a decrease in the price of a substitute.
  C) an increase in the price of the good.
  D) a change of tastes.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bob

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

B

Answer to Question 2

C




audie

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
Wow, this really help


ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

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

For a complete list of videos, visit our video library