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Author Question: The law of demand shows that there is A) an inverse relationship between price and profit. B) an ... (Read 80 times)

casperchen82

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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.



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heinisk01

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Answer to Question 1

C

Answer to Question 2

C




casperchen82

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


Zebsrer

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Reply 3 on: Yesterday
:D TYSM

 

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