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

Author Question: The law of supply states that, holding other factors constant, as price increases a. Quantity ... (Read 169 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jul 1, 2018
The law of supply states that, holding other factors constant, as price increases
 a. Quantity supplied increases
 b. Quantity supplied decreases
 c. Quantity demanded increases
  d. Quantity demanded decreases

Question 2

You raise your product price by 10 in market A but leave it unchanged in market B. Sales in A fall from 840 to 740 units per week while sales in B rise from 770 to 790 units. The Difference-in-difference estimate of the effect of the price change is:
 a. 80 units
 b. 100 units
  c. 120 units
  d. 140 units


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


theo

  • Member
  • Posts: 698
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Reprogramming Factors in stem cells Reprogramming Factors in stem cells
Effleurage to pectoral muscles using fist. Lift the arm, holding just below the wrist. Apply ... Effleurage to pectoral muscles using fist. Lift the arm, holding just below the wrist. Apply ...
Finish by holding the hand briefly. Finish by holding the hand briefly.
Per capita consumption of power is high in the developed world and highest in the United States Per capita consumption of power is high in the developed world and highest in the United States
A ship is being pulled through a harbor at constant velocity by two tugboats as shown in the ... A ship is being pulled through a harbor at constant velocity by two tugboats as shown in the ...
Beak size in finches during dry years increases because of strong selection Beak size in finches during dry years increases because of strong selection
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library