« previous next »

Author Question: Which of the following is true of a competitive market? a. The rules of supply and demand do not ... (Read 35 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
Which of the following is true of a competitive market?
 a. The rules of supply and demand do not apply to it.
 b. Buyers and sellers have little market power.
 c. Each buyer's or seller's effect on market price is substantial.
  d. Few sellers offer similar products.

Question 2

If some nonprice level determinant causes total spending to decrease, then the effect on aggregate demand will be a:
 a. movement upward along the curve.
 b. movement downward along the curve.
  c. shift to the left.
 d. shift to the right.


xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

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.

blood supply blood supply
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
Stock Market Question Stock Market Question
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library