Author Question: The price that we observe in the market is A) the law of demand. B) a substitute. C) the money ... (Read 53 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
The price that we observe in the market is
 
  A) the law of demand.
  B) a substitute.
  C) the money price.
  D) the relative price.

Question 2

Which of the following is NOT a characteristic or focus of microeconomics?
 
  A) individual consumers.
  B) analysis of aggregate economic variables
  C) firm behavior
  D) individual markets



frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

For a complete list of videos, visit our video library