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 89 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
Wow, this really help

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Adults in late middle adulthood frequently look forward to spending more time with their partner Adults in late middle adulthood frequently look forward to spending more time with their partner
Time Estimates for Specific Office Procedures Time Estimates for Specific Office Procedures
Using a vacuum hose and a test light to ground one cylinder at a time on a distributorless ignition ... Using a vacuum hose and a test light to ground one cylinder at a time on a distributorless ignition ...
Sample time management planning chart for a massage student. Sample time management planning chart for a massage student.
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Jim Croce - Time in a bottle - 1973 Jim Croce - Time in a bottle - 1973
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library