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

Author Question: Which of the following will tend to occur when a surplus exists in a market? A) supply will ... (Read 13 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 29, 2018
Which of the following will tend to occur when a surplus exists in a market?
 
  A) supply will increase and demand will decrease until the surplus disappears.
  B) supply will decrease and demand will increase until the surplus disappears.
  C) the price will tend to rise over time.
  D) the price will tend to decrease over time.

Question 2

Technology is best defined as
 
  A) society's pool of applied knowledge concerning the production of goods and services.
  B) the maximum output that can be obtained from a stock of physical capital.
  C) output inside the production possibilities curve.
  D) the utilization of more resources for the same amount of production.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jliusyl

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


clippers!

  • Member
  • Posts: 828
Reply 2 on: Jun 29, 2018
Gracias!

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
The nurse needs to inform the patient with impaired vision when a touch is to occur and ask permissi The nurse needs to inform the patient with impaired vision when a touch is to occur and ask permissi
supply chain supply chain
Classic Supply - Demand Curve Classic Supply - Demand Curve
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
Blood Supply to the Lungs Blood Supply to the Lungs
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library