« previous next »

Author Question: The Law of Demand is the reason behind: A) the price elasticity of demand having a positive ... (Read 97 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
The Law of Demand is the reason behind:
 
  A) the price elasticity of demand having a positive value.
  B) the income elasticity of demand having a positive value.
  C) the price elasticity of demand having a negative value.
  D) the income elasticity of demand having a negative value.

Question 2

Refer to the figure above. The MSB curve lies to the right of the demand curve because the production of Good Y involves ________.
 
  A) positive externalities
  B) negative externalities
  C) increasing returns to scale
  D) decreasing returns to scale


cloudre37

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Positive and Negative Stereotypes Positive and Negative Stereotypes
Palpating for skin elasticity Palpating for skin elasticity
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library