This topic contains a solution. Click here to go to the answer

Author Question: If we use the numbers in the above table to draw a graph, with the price on the vertical axis and ... (Read 121 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
If we use the numbers in the above table to draw a graph, with the price on the vertical axis and the quantity on the horizontal axis, the line relating price and quantity has a slope of
 
  A) 0.8.
  B) -8.0.
  C) -1.25.
  D) 8.0.

Question 2

In the above figure, in order for the equilibrium price to remain constant while the equilibrium quantity increases, the
 
  A) supply and demand curves both would have to shift leftward.
  B) supply curve would have to shift leftward and the demand curve would have to shift rightward.
  C) supply curve would have to shift rightward and the demand curve would have to shift leftward.
  D) supply and demand curves both would have to shift rightward.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

C

Answer to Question 2

D




Metfan725

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Gracias!


sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

For a complete list of videos, visit our video library