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

Author Question: Which of the following will cause a change in the supply of a product? a. a change in the price of ... (Read 67 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jun 30, 2018
Which of the following will cause a change in the supply of a product?
 a. a change in the price of suppliers' inputs
 b. a change in the price of alternative goods that could be produced with the same resources
  c. a change in the expected future price of the product
 d. all of the above

Question 2

Describe the difference between a microeconomic demand curve and an aggregate demand curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

A microeconomic demand curve shows the relationship between the relative price of a good and how much of that good is demanded, while an aggregate demand curve relates the amounts of real goods and services willingly purchased in an economy to the general price level for these goods and services.


ap345

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
:D TYSM

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Desertification and Climate Change Desertification and Climate Change
Ancient Climate Change: Following the Cretaceous Ancient Climate Change: Following the Cretaceous
The Impact of Climate Change in the world The Impact of Climate Change in the world
The roots of climate change The roots of climate change
Price of Computers, 1982–2010 Price of Computers, 1982–2010
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Phases of mitosis

For a complete list of videos, visit our video library