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

Author Question: Plastic and steel are substitutes in the production of body panels for certain automobiles. If the ... (Read 116 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jul 1, 2018
Plastic and steel are substitutes in the production of body panels for certain automobiles. If the price of plastic increases, with other things remaining the same, we would expect:
 
  A) the price of steel to fall.
  B) the demand curve for steel to shift to the right.
  C) the demand curve for plastic to shift to the left.
  D) nothing to happen to steel because it is only a substitute for plastic.
  E) the demand curve for steel to shift to the left.

Question 2

The maximum price that a consumer is willing to pay for each unit bought is the ________ price.
 
  A) market
  B) reservation
  C) consumer surplus
  D) auction
  E) choke


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


dakota nelson

  • Member
  • Posts: 604
Reply 2 on: Jul 1, 2018
Excellent

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

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?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Relative Size of the Body’s Fluid Compartments Relative Size of the Body’s Fluid Compartments
Cotton Production and Slave Population, 1800–1860 Cotton Production and Slave Population, 1800–1860
A dead-blow hammer that was left outside in freezing weather. The plastic covering was damaged, ... A dead-blow hammer that was left outside in freezing weather. The plastic covering was damaged, ...
Ways to Measure Percentage of Body Fat Ways to Measure Percentage of Body Fat
Using a Steel Using a Steel
Production of ABO blood group antigens Production of ABO blood group antigens
Video: Autonomic Nervous System Animation

For a complete list of videos, visit our video library