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

Author Question: All other factors being constant, a reduction in price tends to cause which of the following? A) ... (Read 78 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 29, 2018
All other factors being constant, a reduction in price tends to cause which of the following?
 
  A) an increase in supply and an increase in demand
  B) a reduction in supply and an increase in demand
  C) an increase in quantity supplied and a reduction in quantity demanded
  D) a reduction in quantity supplied and an increase in quantity demanded

Question 2

A characteristic of a good model is that
 
  A) its predictions can be tested using real-world data.
  B) it is useful for making irrefutable predictions.
  C) it applies to all situations.
  D) it predicts perfectly.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Abiotic factors influence population densities. Abiotic factors influence population densities.
The “Infertility Belt” In certain countries in Central Africa, infertility rates are as high as 30% The “Infertility Belt” In certain countries in Central Africa, infertility rates are as high as 30%
Deliberative nursing is a constant process of validating perceptions, thoughts, and feelings. Deliberative nursing is a constant process of validating perceptions, thoughts, and feelings.
Three factors that influence the distribution of Na+ and K+ ions across the neural membrane. Three factors that influence the distribution of Na+ and K+ ions across the neural membrane.
How to find the constant (C) after finding the anti-derivative How to find the constant (C) after finding the anti-derivative
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library