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

Author Question: Suppose that there is an improvement in technology in the market for iPhones. Which of the following ... (Read 127 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Suppose that there is an improvement in technology in the market for iPhones. Which of the following is TRUE?
 
  A) Supply will increase and the market clearing price will fall.
  B) Supply will increase and the market clearing price will rise.
  C) Demand will increase and the market clearing price will rise.
  D) Demand will increase and the market clearing price will fall.

Question 2

The price of a loaf of bread is 1.50, the price of a gallon of milk is 3.00, and the price of a pound of butter is 2.40.
 
  The price of a loaf of bread relative to a gallon of milk is ________, while the price of a gallon of milk relative to a pound of butter is ________. A) 0.5; 0.8.
  B) 0.5; 1.25.
  C) 2.0; 1.25.
  D) 2.0; 0.8.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
:D TYSM

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Some uses of recombinant DNA technology for making improved vaccines Some uses of recombinant DNA technology for making improved vaccines
An Example of Carbon Capture Technology An Example of Carbon Capture Technology
Integrating Educational Technology into Teaching, 6th Edition Integrating Educational Technology into Teaching, 6th Edition
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library