Author Question: In the market for resources, demand and supply: a. do not behave in the same way as they do in ... (Read 94 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
In the market for resources, demand and supply:
 a. do not behave in the same way as they do in product markets.
  b. behave in exactly the same way as they do in product markets.
  c. curves usually do not intersect at equilibrium.
  d. are both controlled by firms.
  e. are both controlled by households

Question 2

Which of the following is a possible cause of an increase in profit from the sale of goods and services?
 a. A decrease in the per capita income of consumers
 b. A decrease in the price of a substitute good or a service
 c. An increase in the availability of raw materials
 d. A decrease in the price of a good or service, everything else held constant
  e. An increase in the price of a good or service, everything else held constant



Tonny

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

b

Answer to Question 2

e



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

For a complete list of videos, visit our video library