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 280 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
Great answer, keep it coming :)

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Diverticulosis. Figure illustrates external and internal appearance of diverticula. Diverticulosis. Figure illustrates external and internal appearance of diverticula.
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, ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Video: Parkinson's Disease

For a complete list of videos, visit our video library