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

Author Question: Which of the following explains the effect of prices on profits in the short-run? a. The direct ... (Read 47 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
Which of the following explains the effect of prices on profits in the short-run?
 a. The direct relationship between aggregate quantity demanded and national output.
  b. The direct relationship between aggregate quantity supplied and the price level.
  c. The inverse relationship between aggregate quantity demanded and national output.
  d. The inverse relationship between aggregate quantity supplied and profits.
  e. The inverse relationship between aggregate quantity supplied and national output.

Question 2

Economists use the term ceteris paribus to indicate that:
 a. the analysis is true for the individual but not for the economy as a whole.
 b. supply and demand are in balance.
 c. their conclusions are based on normative rather than positive economic analysis.
  d. other things are assumed to remain constant.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor
The Flynn Effect The Flynn Effect
Effect of Atmospheric Stability Effect of Atmospheric Stability
Lake-effect snow: Cold air over warm water Lake-effect snow: Cold air over warm water
Smoking’s effect on lungs Smoking’s effect on lungs
Position effect variegation of eye color in Drosophila Position effect variegation of eye color in Drosophila
Video: Genetic terms Animation

For a complete list of videos, visit our video library