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

Author Question: The sum of the individual demands of all consumers in the market is called a. individual demand b. ... (Read 83 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jul 1, 2018
The sum of the individual demands of all consumers in the market is called
 a. individual demand
  b. market demand
  c. inferior good
  d. market supply
  e. quantity demanded

Question 2

The explanation for the law of demand begins with
 a. a small number of wants satisfied by scarce resources
  b. finite wants satisfied by infinite resources
  c. unlimited wants confronting scarce resources
  d. unlimited wants matching up with unlimited resources
  e. prices acting as signals to existing and potential suppliers


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Acromegaly in one individual from a pair of identical twins. Acromegaly in one individual from a pair of identical twins.
Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th
Cutaway Drawing of Tholos, The So-called Treasury of Atreus Cutaway Drawing of Tholos, The So-called Treasury of Atreus
Exterior View of Tholos, The So-called Treasury of Atreus Exterior View of Tholos, The So-called Treasury of Atreus
Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin
Overweight individual with acanthosis nigricans Overweight individual with acanthosis nigricans
Video: Glucose anabolism reactions: Glycogenolysis and Gluconeogenesis

For a complete list of videos, visit our video library