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 63 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
YES! Correct, THANKS for helping me on my review

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Procedures for Diagnostic Tests Related to the Digestive System Procedures for Diagnostic Tests Related to the Digestive System
(a) Blue arrows (right side): External components of the innate immune system: human body with skin, ... (a) Blue arrows (right side): External components of the innate immune system: human body with skin, ...
Longshore Transport System Longshore Transport System
Electrical Conduction System of the Heart Electrical Conduction System of the Heart
The Urinary System The Urinary System
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Introduction to Genetics

For a complete list of videos, visit our video library