Author Question: Which of the following could explain why there was a stampede at the Richmond International Raceway ... (Read 69 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?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

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?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

For a complete list of videos, visit our video library