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

Author Question: The prices of certain goods, such as ice and gasoline, often increase after a natural disaster such ... (Read 26 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
The prices of certain goods, such as ice and gasoline, often increase after a natural disaster such as a hurricane. The economic explanation for this observation is that
 
  A) people panic in disaster situations.
  B) disasters bring out the worst in people.
  C) the disaster temporarily reduces the supply of the goods and increases the demand for the goods.
  D) the disaster temporarily reduces the supply of the goods and reduces the demand for the goods.

Question 2

When the price of tablets goes up and fewer tablets are purchased, this is representative of the
 
  A) law of demand.
  B) law of supply.
  C) law of market operations.
  D) law of increasing costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ambernicolefink

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


hbsimmons88

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

A Natural Oil Seep A Natural Oil Seep
The steel lamination used in an E coil helps increase the magnetic field strength, which helps the ... The steel lamination used in an E coil helps increase the magnetic field strength, which helps the ...
A gasoline direct-injection system injects fuel under high pressure directly into the combustion ... A gasoline direct-injection system injects fuel under high pressure directly into the combustion ...
There may become a driveability issue because the gasoline direct-injection injector is exposed to ... There may become a driveability issue because the gasoline direct-injection injector is exposed to ...
Natural Causes of Climate Change Natural Causes of Climate Change
The consequences of the intensity of natural selection on allele frequency. The consequences of the intensity of natural selection on allele frequency.
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library