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Author Question: If coal and oil are substitute inputs in the production of electricity, an increase in the price of ... (Read 63 times)

Caiter2013

  • Hero Member
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  • Posts: 607
on: Jun 30, 2018
If coal and oil are substitute inputs in the production of electricity, an increase in the price of oil
 a. will increase the demand for coal
  b. will reduce the demand for coal
  c. will increase the supply of coal
  d. will reduce the supply of coal
  e. will not affect the demand for coal

Question 2

In a market economy, income is primarily determined by
 a. the productivity of household resources
  b. the level of transfer payments
  c. government monetary and fiscal policy
  d. the geographic distribution of resources
  e. the amount of financial assets owned by households


cascooper22

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

A

Answer to Question 2

A


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