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

Author Question: In recent years, the price of smartphones has fallen, while the quantity exchanged of smartphones ... (Read 73 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


casperchen82

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

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?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

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.

The Passenger Pigeon—a Recent Extinction Example The Passenger Pigeon—a Recent Extinction Example
Shifts between Warm and Cold Periods during the Last 3 Million Years Shifts between Warm and Cold Periods during the Last 3 Million Years
Recent history of biochemistry shown by the introduction of new techniques. (part 1) Recent history of biochemistry shown by the introduction of new techniques. (part 1)
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ... A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ...
Earth 600 Million Years Ago Earth 600 Million Years Ago
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library