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Author Question: Which of the following examples best describes the Law of Supply? A) When the cost of production ... (Read 27 times)

tth

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on: Jun 30, 2018
Which of the following examples best describes the Law of Supply?
 
  A) When the cost of production of cotton increased, all suppliers' willingness to accept decreased.
  B) When the market price of pens increased, sellers started supplying more pens.
  C) When the cost of production of cotton fell, the market price of cotton also fell.
  D) When the market price of pens increased, sellers started supplying fewer pens.

Question 2

Which of the following is NOT one of the functions of money?
 
  A) protection from increases in prices of goods and services
  B) store of value
  C) medium of exchange
  D) unit of accounting
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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jennafosdick

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tth

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  • Posts: 579
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

connor417

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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