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 72 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 :)

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Relationship between Hox gene number and body complexity in different types of animals. Relationship between Hox gene number and body complexity in different types of animals.
Position of the lungs within the thoracic cavity; anterior view illustrating regions of the lungs an Position of the lungs within the thoracic cavity; anterior view illustrating regions of the lungs an
A cartoon of “King Andrew the First” shows Jackson standing atop the U.S. Constitution—a scepter in A cartoon of “King Andrew the First” shows Jackson standing atop the U.S. Constitution—a scepter in
Dose–response relationship. Dose–response relationship.
Sign on methanol pump shows that methyl alcohol is a poison and can cause skin irritation and other ... Sign on methanol pump shows that methyl alcohol is a poison and can cause skin irritation and other ...
Relationship between thymidylate synthase and enzymes of tetrahydrofolate metabolism Relationship between thymidylate synthase and enzymes of tetrahydrofolate metabolism
Video: The Vestibular System

For a complete list of videos, visit our video library