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

Author Question: Which of the following is closest to the definition of demand? a. People's willingness to supply ... (Read 28 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
Which of the following is closest to the definition of demand?
 a. People's willingness to supply goods at specific prices.
  b. People's willingness to buy goods and services at given prices.
  c. People's expectations of lower prices of goods and services.
  d. Producer's expectations of selling more goods.
  e. The interaction of people's willingness to buy and sell goods.

Question 2

The law of demand shows that:
 a. there is an inverse relationship between price and quantity demanded.
  b. the demand curve is positively sloped.
  c. when the price of a good increases, the quantity demanded increases.
  d. the supply curve is vertical.
  e. individual demand is the same as market demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tabitha_2016

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


Coya19@aol.com

  • Member
  • Posts: 601
Reply 2 on: Jun 30, 2018
:D TYSM

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Pulp - Common People Pulp - Common People
What emotions are these people expressing? Are these emotions global? Is their way of expressing ... What emotions are these people expressing? Are these emotions global? Is their way of expressing ...
In middle childhood, children are increasingly able to understand other people’s thoughts, ... In middle childhood, children are increasingly able to understand other people’s thoughts, ...
Democracy (or “democratization”) is a global social movement. People all over the world yearn ... Democracy (or “democratization”) is a global social movement. People all over the world yearn ...
Where do you think these people fit in Gans’ classification of urban dwellers? Where do you think these people fit in Gans’ classification of urban dwellers?
Collage of people showing emotions Collage of people showing emotions
Video: Bone Healing Animation

For a complete list of videos, visit our video library