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Author Question: In recent years, the price of smartphones has fallen, while the quantity exchanged of smartphones ... (Read 141 times)

casperchen82

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on: Jun 29, 2018
In recent years, the price of smartphones has fallen, while the quantity exchanged of smartphones has risen. We can conclude that this is most likely a result of
 
  A) a decrease in supply while demand remained constant.
  B) an increase in demand while supply remained constant.
  C) an increase in demand that exceeded an increase in supply.
  D) an increase in supply that exceeded an increase in demand.

Question 2

If people act as if they systematically pursue their own self-interest, then they will most likely
 
  A) respond irrationally to any incentive.
  B) respond to a given incentive in a random manner.
  C) respond predictably to a given incentive.
  D) not respond to any incentive.


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mcomstock09

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


casperchen82

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
Excellent

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