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

Author Question: If other factors remain unchanged, technological progress in producing good X definitely will lead ... (Read 123 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Jun 29, 2018
If other factors remain unchanged, technological progress in producing good X definitely will lead to
 
  A) an increase in the market clearing price of good X and a decrease in the equilibrium quantity of good X.
  B) an increase in both the market clearing price and the equilibrium quantity of good X.
  C) a decrease in the market clearing price of good X and an increase in the equilibrium quantity of good X.
  D) a decrease in both the market clearing price and the equilibrium quantity of good X.

Question 2

From the economist's point of view
 
  A) wants and needs are exactly the same.
  B) a want is a lifesaving necessity.
  C) needs are objectively undefinable.
  D) we all have wants but only very poor people have needs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Jun 29, 2018
Correct answers!


LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Interaction web of factors that might influence locust population size. Interaction web of factors that might influence locust population size.
The patient and his family meet with the nurse to discuss progress on the patient care plan. The patient and his family meet with the nurse to discuss progress on the patient care plan.
Lead leaching from electronic waste (e-waste) Lead leaching from electronic waste (e-waste)
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Effect of an Increase in Technological Progress Effect of an Increase in Technological Progress
Other Factors Affecting Pulmonary Ventilation Other Factors Affecting Pulmonary Ventilation
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library