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

Author Question: The law of demand states that, other things being equal, a decrease in the price of a good will result in (Read 37 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: May 25, 2020

Question 1

If a market is trading at an 'equilibrium price'
◦ there is no surplus or shortage of the good or service.
◦ the quantity demanded equals the quantity supplied.
◦ the price will not change in the future.
◦ A and B

Question 2

The law of demand states that, other things being equal, a decrease in the price of a good will result in
◦ greater production of the good.
◦ a decrease in the quantity willingly purchased.
◦ an increase in the quantity willingly purchased.
◦ a surplus.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by storky111 on May 25, 2020

chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: May 25, 2020
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 29% of students answer this correctly


storky111

  • Member
  • Posts: 561
Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
A good Mnemonic to know Mg K Ca Na A good Mnemonic to know Mg K Ca Na
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
GDP per Capita in the United States, 1870–2009 GDP per Capita in the United States, 1870–2009
Groundwater troubles in the United States Groundwater troubles in the United States
Video: Sickle Cell Anemia

For a complete list of videos, visit our video library