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

Author Question: The law of demand shows that there is A) an inverse relationship between price and profit. B) an ... (Read 41 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The law of demand shows that there is
 
  A) an inverse relationship between price and profit.
  B) an inverse relationship between price and resource cost.
  C) an inverse relationship between price and quantity demanded.
  D) a direct relationship between price and quantity demanded.

Question 2

Under a pure price system, the decision of resource allocation is made by
 
  A) the head of the government.
  B) a queen or king.
  C) individuals who own the resources.
  D) no one.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


casperchen82

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

(a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko (a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko
Inverse Relation Between IQ and Disease. Could this explain the Flynn effect? Inverse Relation Between IQ and Disease. Could this explain the Flynn effect?
The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ... The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ...
The photo shows an ultrasound image of a fetus of about 20 weeks’ gestational age. The photo shows an ultrasound image of a fetus of about 20 weeks’ gestational age.
Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ... Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ...
Graph showing the relationship between the freezing point of the coolant and the percentage of ... Graph showing the relationship between the freezing point of the coolant and the percentage of ...
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library