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

Author Question: According to opportunity-cost theory, people will find themselves increasingly short of time when ... (Read 94 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Jun 29, 2018
According to opportunity-cost theory, people will find themselves increasingly short of time when
 
  A) their demand curves become less elastic.
  B) their demand curves become more elastic.
  C) their income declines.
  D) they become wealthier.
  E) they lose valuable opportunities.

Question 2

Consider the demand curves for soft drinks shown in the figure above. Suppose the economy is at point a. An increase in the price of a soda results in a movement to a point such as
 
  A) none of the points illustrated.
  B) b.
  C) c.
  D) d.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yahahah24021

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


laurencescou

  • Hero Member
  • *****
  • Posts: 593
Reply #2 on: Jun 29, 2018
Thank you :)


yahahah24021

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Changes in Time Spent with Family Members Changes in Time Spent with Family Members
Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ... Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ...
How to find the anti-derivative of a function (Part 3) How to find the anti-derivative of a function (Part 3)
Someone help me find the x intercepts Someone help me find the x intercepts
Famous People with Parkinson's Disease Famous People with Parkinson's Disease
Video: Random alignment at Metaphase I Animation

For a complete list of videos, visit our video library