Author Question: The law of demand tells us that people will buy more of a good if A) the price of that good ... (Read 92 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
The law of demand tells us that people will buy more of a good if
 
  A) the price of that good decreases.
  B) the prices of other goods decrease.
  C) people's income increases.
  D) every factor that can affect people's buying decisions changes.

Question 2

In economics
 
  A) both resources and wants are limited.
  B) both resources and wants are unlimited.
  C) resources are limited but wants are unlimited.
  D) resources are unlimited but wants are limited.



Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Shshxj

  • Sr. Member
  • ****
  • Posts: 335

 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

For a complete list of videos, visit our video library