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

Author Question: Changes in conditions of supply and demand lead to price changes. For which of the following types ... (Read 39 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

B


shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Types of movement across a biological membrane. Types of movement across a biological membrane.
The following terms describe types of body movement that occur at the diarthrotic joints The following terms describe types of body movement that occur at the diarthrotic joints
Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ
CAD conditions CAD conditions
Different types of stems Different types of stems
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library