This topic contains a solution. Click here to go to the answer

Author Question: Suppose Lorna will buy more sweaters if the price of sweaters rises. She is violating the a. law of ... (Read 168 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
Suppose Lorna will buy more sweaters if the price of sweaters rises. She is violating the
 a. law of supply
  b. law of increasing costs
  c. law of large numbers
  d. law of diminishing costs
  e. law of demand

Question 2

Which of the following varies along a given demand curve?
 a. consumer preferences
  b. prices of substitutes
  c. prices of complements
  d. the price of the good itself
  e. income



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Carissamariew

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

E

Answer to Question 2

D





 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

For a complete list of videos, visit our video library