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

Author Question: Prices in a market economy perform a rationing function because they reflect A) the demand of all ... (Read 74 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Prices in a market economy perform a rationing function because they reflect
 
  A) the demand of all buyers in the market.
  B) the extent to which the goods are necessities.
  C) the strength of the supply curve.
  D) the relative scarcity of the goods.

Question 2

The aggregate supply curve in the classical model is
 
  A) horizontal.
  B) vertical.
  C) upward sloping.
  D) downward sloping.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


2125004343

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Excellent

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the ... Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the ...
Histone and pol II CTD modifications as a function of gene position Histone and pol II CTD modifications as a function of gene position
How to describe transformations of a sinusoidal function (y=a*sin⁡b(x−c)+d) How to describe transformations of a sinusoidal function (y=a*sin⁡b(x−c)+d)
Graph the function by hand & label key points on graph: Graph the function by hand & label key points on graph:
Differentiate each function with respect to x. (Power rule) Differentiate each function with respect to x. (Power rule)
Video: Digestive chemicals - water, gastric acid, bile & bicarbonate

For a complete list of videos, visit our video library