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Author Question: Changes in conditions of supply and demand lead to price changes. For which of the following types ... (Read 28 times)

shofmannx20

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on: Jun 29, 2018
Changes in conditions of supply and demand lead to price changes. For which of the following types of goods is the change in price likely to occur most quickly?
 
  A) Commercial rents
  B) Hourly labor
  C) Public utilities
  D) Residential rents
  E) Retail groceries

Question 2

The principal way in which inflation imposes costs upon the members of a society is by
 
  A) destroying the incentive to consume.
  B) increasing the cost of planning correctly.
  C) lowering wages relative to prices.
  D) making goods more scarce.
  E) raising the percentage of the population below the official poverty line.


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Kedrick2014

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

B


shofmannx20

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xiazhe

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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