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Author Question: In a closed economy, the formula for public saving is: Sprivate = T + G + TR a. True b. False ... (Read 42 times)

sheilaspns

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on: Jun 30, 2018
In a closed economy, the formula for public saving is: Sprivate = T + G + TR
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following statements correctly defines the law of demand?
 a. The lower the price of a commodity, the lower the quantity demanded of that commodity.
  b. As the price of a commodity increases, the quantity demanded of that commodity also increases.
  c. The lower the price of a commodity, the greater the quantity demanded of that commodity.
  d. The lower the price of a commodity, the greater the quantity supplied of that commodity.
  e. The quantity demanded of a particular good decreases with an increase in the price of a substitute good.


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dominiqueenicolee

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


sheilaspns

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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