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

Author Question: Which of the following is consistent with the law of demand? A) An increase in the price of a DVD ... (Read 43 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Which of the following is consistent with the law of demand?
 
  A) An increase in the price of a DVD causes an increase in the quantity of DVDs demanded.
  B) An increase in the price of a soda causes a decrease in the quantity of soda demanded.
  C) A decrease in the price of a gallon of milk causes a decrease in the quantity of milk demanded.
  D) A decrease in the price of juice causes no change in the quantity of juice demanded.

Question 2

If new capital increases labor productivity, the supply of labor ________ and the demand for labor ________.
 
  A) stays the same; increases
  B) increases; increases
  C) increases; decreases
  D) decreases; stays the same


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Qarqy

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

Right on time. Thanks a bunch.

Answer to Question 2

A


acc299

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Wow, this really help

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library