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

Author Question: To an economist, the term needs A) means the purchase of necessary goods. B) is objectively ... (Read 41 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
To an economist, the term needs
 
  A) means the purchase of necessary goods.
  B) is objectively undefinable.
  C) identifies the purchases of basic goods and services.
  D) refers to the purchase of goods by the poor.

Question 2

An increase in supply, other things being equal, will cause which of the following to occur?
 
  A) quantity supplied to decrease.
  B) quantity demanded to increase.
  C) a rightward shift in the demand curve as the price falls.
  D) a leftward shift in the demand curves as the price increases.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


123654777

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Jun 29, 2018
Correct answers!


johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

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

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage
Louisiana Purchase Louisiana Purchase
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: EpiPen Animation (Part 1)

For a complete list of videos, visit our video library