« previous next »

Author Question: The price of a new textbook increases from 120 to 160, while the price of used copies of the ... (Read 67 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
The price of a new textbook increases from 120 to 160, while the price of used copies of the textbook increased from 80 to 100. Other things being equal, we would expect
 
  A) the quantity demanded of the used textbook to increase and the quantity demanded of the new textbook to decrease.
  B) the quantity demanded of both to fall.
  C) the demand for the new textbook to increase and the demand for the used textbook to decrease.
  D) the quantity demanded of the used textbook to decrease and the quantity demanded of the new textbook to increase.

Question 2

Which of the following would most likely be part of the study of microeconomics?
 
  A) how General Motors makes decisions regarding its production goals
  B) national income
  C) the total economic output of our domestic economy
  D) overall price stability in the United States


essyface1

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Genome rearrangements that can be promoted by homologous recombination between two copies Genome rearrangements that can be promoted by homologous recombination between two copies
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Organic Chemistry Textbook Organic Chemistry Textbook
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library