This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the price and quantity of steel fell at the same time. What might be the likelyexplanation ... (Read 81 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
Suppose the price and quantity of steel fell at the same time. What might be the likelyexplanation of this using supply and demand analysis?
 
  What will be an ideal response?

Question 2

Long-run economic growth requires all of the following except
 
  A) government provision of secure property rights. B) political instability.
  C) technological change. D) increases in capital per hour worked.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

The likelihood is that the demand for steel fell. This would push down the price of steel and it would also result in less steel produced and sold.

Answer to Question 2

B


dmcintosh

  • Member
  • Posts: 517
Reply 2 on: Jun 29, 2018
Gracias!

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Cracked Steel Cracked Steel
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Bereaved spouses studied before loss, at the time of loss, and 18 months after loss show five ... Bereaved spouses studied before loss, at the time of loss, and 18 months after loss show five ...
How to solve a distance, time, speed problem using linear algebra How to solve a distance, time, speed problem using linear algebra
Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body
Time-of-entry mapping Time-of-entry mapping
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library