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

Author Question: There is a technological advance in the production of digital watches. This will cause: a. demand ... (Read 110 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
There is a technological advance in the production of digital watches. This will cause:
 a. demand to increase.
  b. supply to increase.
  c. demand to decrease.
  d. supply to decrease.
  e. the price to increase.

Question 2

The most plausible reason why changes in the price of cotton can cause shifts in the supply curve for tobacco is:
 a. cigarette smokers often wear cotton shirts.
  b. when incomes rise, people consume more cotton and tobacco.
  c. firms can switch from growing tobacco to cotton and vice versa.
  d. tobacco is an input in the production of cotton.
  e. cotton and tobacco are unrelated markets in all ways.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wtf444

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


stephzh

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Excellent

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Pair Production and Annihilation Pair Production and Annihilation
The digital multimeter should be set to read DC volts and the red lead connected to the battery ... The digital multimeter should be set to read DC volts and the red lead connected to the battery ...
As the world’s population continues to grow, demands on limited resources for food production As the world’s population continues to grow, demands on limited resources for food production
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library