Households ________ factors of production and ________ goods and services.
A) demand; supply B) demand; demand C) supply; supply D) supply; demand
Question 2
An article in the Wall Street Journal in early 2001 noted two developments in the market for laser eye surgery. The first development concerned side effects from the surgery, including blurred vision.
The second development was that the companies renting eye-surgery machinery to doctors had reduced their charges. In the market for laser eye surgeries, these two developments
A) decreased demand and increased supply resulting in an increase in both the equilibrium quantity and the equilibrium price of laser eye surgeries.
B) decreased demand and increased supply, resulting in a decrease in both the equilibrium price and the equilibrium quantity of laser eye surgeries.
C) decreased demand and decreased supply, resulting in a decrease in the equilibrium quantity and an increase in the equilibrium price of laser eye surgeries.
D) decreased demand and increased supply, resulting in a decrease in the equilibrium price and an uncertain effect on the equilibrium quantity of laser eye surgeries.
Microlith production.
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
CHD Risk Factors
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Three factors that influence the distribution of Na+ and K+ ions across the neural membrane.
Oil supply and prices affect the economies of nations