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34) Curiously, in recent times, average prices and sales of
34) Curiously, in recent times, average prices and sales of Condominiums have been increasing in the Williamsburg. Which of the following could be a cause of this change? A) More home buyers might hav… read more
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30) When the price of oranges increases, A) the supply of
Second opinion] 30) When the price of oranges increases, A) the supply of oranges increases. B) the supply of oranges decreases. C) the demand for oranges decreases. D) the quantity of oranges demande… read more
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40) The price of gas increases during the summer months
40) The price of gas increases during the summer months because... A) Sellers have to earn profits during the summer to cover losses in the winter. B) The number of gas stations open 24 hours a day ri… read more
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David drives a car to and from work every day but he has the option to catch public transport if his car breaks down. When the price of petrol is 115 c/litre, David will fill up his tank (approximately 40 litres of petrol). However, when the price of petrol is 140 c/litre, David will only half fill his tank (approximately 20 litres of petrol).The market demand for petrol in Australia will be made up of the demand from all individuals who consume petrol in Australia. If the price of petrol fell to 90 c/litre, David's demand for petrol would increase. David's expenditure will always rise as the price of petrol rises. Which of the above statements are true: Only 1 is true. Only 2 is true. Both 1 and 2 are true. Both 2 and 3 are true. All three are true. this is the question I think that the answer is both 1 and 2 are true … read more
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Which of the following would lead to a DECREASE in the demand
1- Which of the following would lead to a DECREASE in the demand for tennis balls? a-An increase in the price of tennis balls b- A decrease in the price of tennis rackets c-An increase in the cost of … read more
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15. Refer to the above diagram. The equilibrium price and quantity
15. Refer to the above diagram. The equilibrium price and quantity in this market will be: A) \$1.00 and 200. B) \$1.60 and 130. C) \$.50 and 130. D) \$1.60 and 290. 16. Refer to the above diagram. A surp… read more
Finley
Master's Degree
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21. The price elasticity of demand coefficient measures: A) buyer
21. The price elasticity of demand coefficient measures: A) buyer responsiveness to price changes. B) the extent to which a demand curve shifts as incomes change. C) the slope of the demand curve. D) … read more
Ellen
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Doctoral Degree
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2. Please answer the following concisely: a) Is there a relationship between Marginal Cost (MC) and Average Fixed Cost? Why or why not? b) Where does the MC curve intersect the AVC curve? Where does M… read more
linda_us
Master's Degree
Master's Degree
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1. If personal taxes were decreased and resource productivity
1. If personal taxes were decreased and resource productivity increased simultaneously, the equilibrium _____. a) output would rise b) price level would necessarily fall c) output would fall d) price … read more
MyVirtualCPA
Master's Degree
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1. After wearing seat belts became mandatory, drivers reacted
1. After wearing seat belts became mandatory, drivers reacted by driving faster and less carefully. This is consistent with what Principle of Economics? (Points : 5) trade can make everyone better off… read more
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1) A shift in the demand curve occurs when __________.
1) A shift in the demand curve occurs when __________. a. suppliers place more goods on the market b. the price of a commodity rises c. consumers want to buy more than before at a given price d. the p… read more
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For Greg 1) An economist who is studying the relationship
For Greg 1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in A. microeconomic research B. macroeconomic research C. theor… read more
Mr. Gregory White
Master's Degree
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1. If the interest rate is 10% and cash flows are \$1,000 at
1. If the interest rate is 10% and cash flows are \$1,000 at the end of year one and \$2,000 at the end of year two, then the present value of these cash flows is A. \$2,562. B. \$3,200. C. \$439. D. \$3,00… read more
Stevewh
Teacher
Bachelor's Degree
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All of the following are examples of spending on factors of
All of the following are examples of spending on factors of production in the circular flow model except (Points : 1) Bima hires two students to work at his ice-cream store. "Get Fit Together'" purcha… read more
linda_us
Master's Degree
Master's Degree
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I am a seeking someone that is good in economics to answer
I am a seeking someone that is good in economics to answer some multiple choice question. And if you are good in management also.… read more
Mr. Gregory White
Master's Degree
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Mr. Sweet Opened A Candy Store. He Rented A Building For \$30,000
Mr. Sweet opened a candy store. He rented a building for \$30,000 a year. During the first year of operation, Sweet paid \$40,000 to his employees, \$10,000 for utilities, and \$20,000 for goods he bought… read more
Mr. Gregory White
Master's Degree
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"For TeacherGreg" 1. When demand falls, the price charged
"For TeacherGreg" 1. When demand falls, the price charged by a monopoly under an average-cost pricing policy will fall. True or False 2. Baseball teams know more about the health of free agent pitcher… read more
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Master's Degree
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1. If the price of automobiles were to increase, then (Points
1. If the price of automobiles were to increase, then (Points : 1) the demand for gasoline would decrease. the demand for gasoline would increase. the supply of gasoline would increase. the quantity d… read more
Mr. Gregory White
Master's Degree
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