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Author Question: Which of the following would not shift the demand for resource Z? a. A decline in the price of ... (Read 53 times)

joblessjake

  • Hero Member
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  • Posts: 555
on: Jun 30, 2018
Which of the following would not shift the demand for resource Z?
 a. A decline in the price of resource Z.
 b. A decline in the price of substitute resource A.
 c. An increase in the productivity of resource Z.
 d. An increase in the price of the product resource Z is used to produce.

Question 2

If assets are relatively _____, and uncertainty is _____, transactions usually take place in markets.
 a. specific; quite low
  b. nonspecific; quite low
  c. specific; quite high
  d. nonspecific; quite high


leahchrapun

  • Sr. Member
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  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

B


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