There are not enough of four goods to satisfy the wants of people. For good A, this is true when the price is 100. This is true for good B at a price of 10, for good C at a price of 1, and for good D at a price of zero.
Which situation reflects scarcity rather than shortage? A) A
B) B
C) C
D) D
Question 2
The relative price of a good is that price
A) expressed in today's dollars.
B) expressed in constant 2012 dollars.
C) expressed in terms of the price of another good.
D) that is equal to the equilibrium price.
True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
Old people
Many people consider the British statesman Winston Churchill (1874–1965) to be an exemplar of the ...
Do you see animals or people first?
Dried fruits are good source of sulfur
Government in America: People, Politics, and Policy, AP