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Author Question: The sum of the individual demands of all consumers in the market is called a. individual demand b. ... (Read 56 times)

ec501234

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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


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owenfalvey

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


ec501234

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

phuda

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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