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

Author Question: Tasha decides that when homes in her neighborhood are selling for 150,000 she will not sell her ... (Read 99 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
Tasha decides that when homes in her neighborhood are selling for 150,000 she will not sell her home. When average prices rise to 175,000, she decides that she will put her home on the market. This is an example of:
 a. market demand.
  b. market-day supply.
  c. an excess supply of homes.
  d. a positively-sloped supply curve.
  e. a negatively-sloped supply curve.

Question 2

With an upward-sloping supply curve, which of the following is true?
 a. An increase in price results in a decrease in quantity supplied.
  b. An increase in price results in an increase in supply.
  c. A decrease in price results in a decrease in quantity supplied.
  d. A decrease in price results in an increase in supply.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

paavo

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


EY67

  • Hero Member
  • *****
  • Posts: 531
Reply #2 on: Jun 30, 2018
Correct answers!


paavo

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

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?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Brumbies awaiting their sale and new homes. Brumbies awaiting their sale and new homes.
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
More young men than women live in their parents’ homes, though the proportion for both decreases ... More young men than women live in their parents’ homes, though the proportion for both decreases ...
The vast majority of older adults live in their own homes, even when they need special equipment or ... The vast majority of older adults live in their own homes, even when they need special equipment or ...
On the left is one of Jennifer Lopez’s homes, this one in Miami Beach. She also has a home in ... On the left is one of Jennifer Lopez’s homes, this one in Miami Beach. She also has a home in ...
How water is used in homes How water is used in homes
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library