Author Question: Refer to the scenario above. What is the price effect of the price change? A) 1,750 B) 2,000 C) ... (Read 77 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
Refer to the scenario above. What is the price effect of the price change?
 
  A) 1,750
  B) 2,000
  C) 3,750
  D) 5,400

Question 2

The free rider problem causes goods not to be produced when
 
  A) the opportunity cost of providing them is low.
  B) the quantity supplied is greater than the quantity demanded.
  C) they can't be produced by government.
  D) they can't be provided exclusively to the people who pay for them.



missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

For a complete list of videos, visit our video library