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

Author Question: The price of a new textbook increased by 25 percent and the price of a used textbook increased by 30 ... (Read 46 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The price of a new textbook increased by 25 percent and the price of a used textbook increased by 30 percent. What happened to the relative price of the new textbook?
 
  A) It increased by 5 percent.
  B) It increased, but we can't tell by how much without more information.
  C) It decreased by 5 percent.
  D) It decreased, but we can't tell by how much without more information.

Question 2

Refer to the above figure. Suppose that the supply curve shifts from SA to SB while the demand curve remains at DA. Which of the following is TRUE?
 
  A) Only quantity supplied has increased.
  B) Only quantity demanded has decreased.
  C) Supply has increased.
  D) Supply has decreased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lgoldst9

  • Sr. Member
  • ****
  • Posts: 372
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


ENagel

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


lgoldst9

  • Sr. Member
  • ****
  • Posts: 372
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Alan Price - Poor People Alan Price - Poor People
A steady needle reading that rises 2 or 3 inches Hg when the engine speed is increased slightly ... A steady needle reading that rises 2 or 3 inches Hg when the engine speed is increased slightly ...
SSRIs block the reuptake of serotonin into nerve terminals, resulting in increased serotonin levels. SSRIs block the reuptake of serotonin into nerve terminals, resulting in increased serotonin levels.
Twenty percent of the automobiles inspected at a state inspection station required repairs to ... Twenty percent of the automobiles inspected at a state inspection station required repairs to ...
textbook textbook
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library