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

Author Question: The demand schedule for a commodity illustrates how the consumption of a commodity changes with ... (Read 260 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
The demand schedule for a commodity illustrates how the consumption of a commodity changes with changes in:
 
  A) its price. B) tastes and preferences.
  C) supply. D) income.

Question 2

The classical model makes little distinction between the long run and short run because
 
  A) wages and prices adjust so fast that the economy is quickly moving towards the long run.
  B) the model has not been fully developed yet.
  C) current changes influence the long run, so it is not possible to plan for the future.
  D) the classical economists knew that we are always operating in the short run.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Wow, this really help

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
An appointment schedule with a completed matrix. An appointment schedule with a completed matrix.
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
The power and control wheel illustrates the strategies that one partner may use to intimidate, ... The power and control wheel illustrates the strategies that one partner may use to intimidate, ...
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library