The law of demand shows that there is A) an inverse ...

[casperchen82]

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.

[heinisk01]

Answer to Question 1

C

Answer to Question 2

C

[casperchen82]

Thanks for the timely response, appreciate it

[billybob123]

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