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

Author Question: Assume that an economy producing two products, skateboards and inline skates, is initially in ... (Read 21 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
on: Apr 19, 2019

Assume that an economy producing two products, skateboards and in‐line skates, is initially in equilibrium, and that skateboards and in‐line skates are substitutes. If consumer preferences shift away from skateboards and toward in‐line skates, which of the following will 
not occur?


◦ In the short run, firms producing skateboards will incur losses.
◦ In the short run, firms producing in‐line skates will earn a profit.
◦ Additional capital will begin to flow into in‐line skates production in the long run.
◦ Additional capital will begin to flow into skateboard production in the long run.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mp14 on Apr 19, 2019

kxciann

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


mp14

  • Member
  • Posts: 534
Reply 2 on: Apr 19, 2019
Wow, this really help

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Asymmetrical localization of gene products during egg development in Drosophila Asymmetrical localization of gene products during egg development in Drosophila
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Natural Products Natural Products
Forest products and the economic value Forest products and the economic value
The carotenoid lycopene, found in tomatoes and tomato products, functions as an antioxidant The carotenoid lycopene, found in tomatoes and tomato products, functions as an antioxidant
Gene products that are essential to mitochondrial function Gene products that are essential to mitochondrial function
Video: Virtual Tour of the Heart

For a complete list of videos, visit our video library