« previous next »

Author Question: The price of a new textbook is 60 in one year and 75 two years later, while the price of a used copy ... (Read 52 times)

fagboi

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
The price of a new textbook is 60 in one year and 75 two years later, while the price of a used copy of the textbook increased from 25 to 37.50. The relative price of a new textbook
 
  A) increased by 25 percent.
  B) increased from 2.4 to 3.
  C) decreased from 2.4 to 2.0.
  D) decreased from 1.4 to 1.25

Question 2

The way we know what commodities are relatively scarce or abundant is through
 
  A) transaction costs.
  B) prices.
  C) price ceilings.
  D) price floors.


yifu223

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Acromegaly. Acromegaly is a metabolic disorder in which excessive amounts of growth hormone are secr Acromegaly. Acromegaly is a metabolic disorder in which excessive amounts of growth hormone are secr
Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo
Agriculture in 10,000 years ago Agriculture in 10,000 years ago
Available Fresh Water per year Available Fresh Water per year
What rate, compounded once every 3 years, is equivalent to 9% effective rate? What rate, compounded once every 3 years, is equivalent to 9% effective rate?
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
Video: How to make cDNA Animation

For a complete list of videos, visit our video library