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

Author Question: In general, supply curves slope upward because: a. increases in the price of a good result in lower ... (Read 89 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
In general, supply curves slope upward because:
 a. increases in the price of a good result in lower opportunity costs.
  b. rising prices provide producers with a greater profit incentive.
  c. consumers buy a greater quantity.
  d. technology improves the ability of firms to produce more at each possible price.

Question 2

Which of the following states the definition of supply?
 a. More of a good is supplied at a lower price.
  b. There is a positive relationship between the price of a good and the quantity that buyers purchase.
  c. There is a positive relationship between the price of a good and the quantity offered for sale by suppliers.
  d. There is a negative relationship between the price of a good and the quantity offered for sale by suppliers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


cdr_15

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Excellent

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Percussing Liver Span, Determining Lower Liver Border Percussing Liver Span, Determining Lower Liver Border
Slope Failure and Lithology Slope Failure and Lithology
How to find the slope of a line using any two points How to find the slope of a line using any two points
Apply kneading and deep stroking to lower arm muscles. (A) Knead muscle bellies. (B) Thumb press ... Apply kneading and deep stroking to lower arm muscles. (A) Knead muscle bellies. (B) Thumb press ...
Who's Policing the Food Supply? Who's Policing the Food Supply?
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library