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

Author Question: A permanent decrease in demand for convenience store services is likely to cause which of the ... (Read 45 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 30, 2018
A permanent decrease in demand for convenience store services is likely to cause which of the following in the long run?
 a. an economic loss for each firm
  b. a higher price for each firm's output
  c. fewer firms in the industry
  d. more firms in the industry
  e. economic profit for each firm

Question 2

If a voter expects to have little effect on government choices, that voter's behavior will reflect
 a. rational ignorance
  b. a cyclical majority
  c. rent seeking
  d. vote trading
  e. a zero-sum game


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ambernicolefink

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

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?

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.

Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Phrases that Decrease Customer Service Level Phrases that Decrease Customer Service Level
Classic Supply - Demand Curve Classic Supply - Demand Curve
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Video: Atrophy

For a complete list of videos, visit our video library