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

Author Question: In a perfectly competitive market, which of the following determines the market price? A) market ... (Read 111 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
In a perfectly competitive market, which of the following determines the market price?
 
  A) market demand and a firm's supply
  B) market supply and a firm's demand
  C) a firm's demand and its supply
  D) market demand and market supply

Question 2

A key difference between tariffs and quotas is that
 
  A) consumers are hurt with quotas but not with tariffs.
  B) consumers are hurt with tariffs but not with quotas.
  C) the government receives revenue with tariffs, but the importer receives added profit with quotas.
  D) the government receives revenue with quotas, but the importer receives added profit with tariffs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


michelleunicorn

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

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?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Alan Price - Poor People Alan Price - Poor People
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Chemical Synapse Animation

For a complete list of videos, visit our video library