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

Author Question: The use of a price system eliminates: a. scarcity. b. equilibrium. c. shortages and surpluses. d. ... (Read 86 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
The use of a price system eliminates:
 a. scarcity.
 b. equilibrium.
 c. shortages and surpluses.
 d. changes in supply and demand.

Question 2

Which of the following best explains the determination of the equilibrium price of a product?
 a. Production costs.
 b. The supply of a good.
 c. The interaction of supply and demand.
  d. The decisions of government.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dpost18

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


gbarreiro

  • Member
  • Posts: 566
Reply 2 on: Jun 30, 2018
Gracias!

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

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?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

The Autonomic Nervous System The Autonomic Nervous System
The cardiac conduction system. The cardiac conduction system.
A point-type ignition system showing the distributor cam which opens the points A point-type ignition system showing the distributor cam which opens the points
The evaporative emission control system includes all of the lines, hoses, and valves, plus the ... The evaporative emission control system includes all of the lines, hoses, and valves, plus the ...
The Female Reproductive System (1 of 2) The Female Reproductive System (1 of 2)
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Chemical Equilibrium between N2O4 (colorless gas) and NO2 (brown gas)

For a complete list of videos, visit our video library