« previous next »

Author Question: Starting from a pure exchange equilibrium, an increase in the demand for a commodity will result in: ... (Read 237 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
Starting from a pure exchange equilibrium, an increase in the demand for a commodity will result in:
 a. a fall in the market price.
  b. a rise in the market price.
  c. a rise in the equilibrium output.
  d. a fall in the equilibrium output.

Question 2

Identify the characteristics of a monopoly firm.
 a. The existence of barriers to entry and production of a homogeneous product
  b. The production of a unique product and a large number of sellers in the market
  c. The production of a standardized product and the firm is a price taker
  d. The existence of barriers to entry and the firm is a price taker
  e. The existence of barriers to entry and the firm is a price maker


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

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.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
Conduction and gas exchange structures and functions. Conduction and gas exchange structures and functions.
Double-check for any oil or vacuum leaks after starting the engine. Double-check for any oil or vacuum leaks after starting the engine.
Starting at the waist, apply circular two-handed petrissage over the entire right side. Keep hands ... Starting at the waist, apply circular two-handed petrissage over the entire right side. Keep hands ...
Finish with effleurage and passive touch. Apply effleurage to both sides simultaneously, starting at ... Finish with effleurage and passive touch. Apply effleurage to both sides simultaneously, starting at ...
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Video: Cataract

For a complete list of videos, visit our video library