This topic contains a solution. Click here to go to the answer

Author Question: Suppose that there is an improvement in technology in the market for iPhones. Which of the following ... (Read 112 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
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
Answer to Question 1

A

Answer to Question 2

B




Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Gracias!


strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library