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

Author Question: A rise in demand for restaurant meals is likely to cause which of the following in the long run? a. ... (Read 149 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
A rise in demand for restaurant meals is likely to cause which of the following in the long run?
 a. economic losses for each restaurant
  b. a lower price for each restaurant meal
  c. fewer restaurants in the industry
  d. more restaurants in the industry
  e. economic profit for restaurants

Question 2

Generally, people are more satisfied with private market outcomes than with public voting outcomes because
 a. each consumer in the private market can choose the quantity he or she desires
  b. most people are near the median
  c. the prices are lower
  d. markets are involuntary
  e. there are too many choices to make in the public sector


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


wrbasek0

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Thank you :)


jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
Beaker with ibex, dogs, and long-necked birds, from southwest Iran. Beaker with ibex, dogs, and long-necked birds, from southwest Iran.
Will the sun rise tomorrow? Are you sure? “Cause and effect” vs. sense experience. Will the sun rise tomorrow? Are you sure? “Cause and effect” vs. sense experience.
Long Term Control Medications Long Term Control Medications
Apply the body wrap substance to the back with long, smooth strokes, covering the area thoroughly. Apply the body wrap substance to the back with long, smooth strokes, covering the area thoroughly.
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: The life cycle of protein

For a complete list of videos, visit our video library