Author Question: Which of the following will cause an inward shift in the demand for steaks at a restaurant? a. A ... (Read 133 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
Which of the following will cause an inward shift in the demand for steaks at a restaurant?
 a. A report by the American Medical Association states that the consumption of steak reduces the risk of cardiovascular disease
  b. A 50 percent reduction in the price of steaks
  c. A double-digit increase in the price of chicken
  d. A recession leading to a significant fall in the income levels of consumers
  e. The expectation that the price of steaks will double within two months

Question 2

Which of the following is not a question that scarcity forces all societies to answer?
 a. Which goods and services are to be produced?
  b. How are goods and services to be produced?
  c. Who will get the goods and services produced?
  d. How can scarcity be eliminated?



Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

d

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

For a complete list of videos, visit our video library