Author Question: Which of the following could explain why there was a stampede at the Richmond International Raceway ... (Read 68 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
Which of the following could explain why there was a stampede at the Richmond International Raceway where 1,000 laptops were being sold at 50 each?
 
  A) Those who bought laptops at that price were those who valued laptops the most.
  B) The quantity of laptops demanded at 50 was higher than the quantity supplied.
  C) The demand for laptops is not very responsive to price.
  D) The price of 50 per laptop was above the equilibrium price of laptops.

Question 2

The study of development economics is to understand
 
  A) the personality factors that lead people to become entrepreneurs.
  B) why most of the patents on record have been given to men rather than to women.
  C) why some countries are rich and others are poor.
  D) why some products are successful in the market as soon as they are developed, whereas others do not catch on for years.



wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

For a complete list of videos, visit our video library