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

Author Question: The price of a new textbook increases from 75 to 90 while the price of used copies of the textbook ... (Read 76 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
The price of a new textbook increases from 75 to 90 while the price of used copies of the textbook increases from 50 to 65. Other things equal, we would expect to observe
 
  A) the quantity demanded of the used textbook to increase while the quantity demanded of the new textbook to fall.
  B) the quantity demanded of both to fall.
  C) the demand for the new textbook to increase while 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

In economics, resources are also known as
 
  A) minerals.
  B) factories.
  C) factors of production.
  D) human capital.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

covalentbond

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

D

Answer to Question 2

C




darbym82

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
:D TYSM


triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Excellent

 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

For a complete list of videos, visit our video library