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 50 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
:D TYSM

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

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 most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

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?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Effect of predator on prey populations. Effect of predator on prey populations.
The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1
Mechanism of Action of Direct-Acting Antispasmodics Mechanism of Action of Direct-Acting Antispasmodics
Typical wiring diagram of a V-6 distributorless (direct fire) ignition system. Typical wiring diagram of a V-6 distributorless (direct fire) ignition system.
First-Pass Effect First-Pass Effect
Answer the following short answer, please show your steps and include the formulas used Answer the following short answer, please show your steps and include the formulas used
Video: Mechanisms of capillary exchange

For a complete list of videos, visit our video library