This topic contains a solution. Click here to go to the answer

Author Question: The prices of certain goods, such as ice and gasoline, often increase after a natural disaster such ... (Read 40 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
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
Answer to Question 1

C

Answer to Question 2

A




hbsimmons88

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
Gracias!


Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

For a complete list of videos, visit our video library