« previous next »

Author Question: When economists talk about a demand schedule for a product, they mean A) the amount of a good ... (Read 94 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
When economists talk about a demand schedule for a product, they mean
 
  A) the amount of a good that consumers intend to purchase at each price in a set of possible prices in a given time period.
  B) the amount of a good that consumers are able to purchase (though they might not be willing to) at different prices in a given period of time.
  C) the amount of a good that consumers intend to purchase at only one particular price in a given period of time.
  D) the amount of a good that producers are willing to make available for sale at a particular price in a given time period.

Question 2

A situation in which a benefit or a cost associated with an economic activity spills over to third parties is called
 
  A) a public good.
  B) a merit good.
  C) an externality.
  D) the free-rider problem.


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
The relationship of substrate con- version (as measured by optical density) to the amount of patient ... The relationship of substrate con- version (as measured by optical density) to the amount of patient ...
Good Old War - Part Of Me [Audio] Good Old War - Part Of Me [Audio]
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Peanut butter is good source of protein Peanut butter is good source of protein
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library