Questions & Answers - Find the Answer to your Questions

Feeds

Answers

Answer updated on: 19 Sep 2018

If a benevolent planner chooses to produce less than the equilibrium quantity of a good, then

The value placed on the last unit of production by buyers exceeds the cost of production

1 Answer

Answer updated on: 17 Sep 2018

A monopoly is the sole seller of a product with no close substitutes

True

1 Answer

Answer updated on: 17 Sep 2018

\nIf the demands for goods is price elastic, an increase in its price will increase total revenue in that market. \n

True

1 Answer

Answer updated on: 16 Sep 2018

\nIf the price elasticity of supply for blue jeans is 1.3, an increase of 10 percent in the price of blue jeans would increase the quantity supplied of blue jeans by 13 percent. \n

True

1 Answer

Answer updated on: 16 Sep 2018

\n \n\n\n The minimum wage helps all teenagers because they receive higher wages than they would otherwise\n\n

False

1 Answer

Answer updated on: 15 Sep 2018

\nIf there is an increase in supply accompanied by a decrease in demand for coffee, then there will be a decrease in both the equilibrium price and quantity in the market for coffee. \n...

False

1 Answer

Answer updated on: 15 Sep 2018

\nAn increase in the price of steel will shift the supply of automobiles of the right\n

False

1 Answer

Answer updated on: 15 Sep 2018

\nThe law of demand states that an increase in the price of a good decreases the demand for that good.\n

False

1 Answer

Answer updated on: 11 Sep 2018

Which of the following markets would most closely satisfy the requirements for a competitive market?

Gold bullion

1 Answer

Answer updated on: 11 Sep 2018

The only requirement for a market to be perfectly competitive is for the market to have many buyers and sellers

False

1 Answer

Live Questions

Asked on: 27 Jan 2020

Why does aggregate demand slope downward (negatively) according to the wealth effect?

2 Answers

Asked on: 27 Jan 2020

What would we expect to happen to the equilibrium price and quantity in the market for wheat today? Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future.

1 Answer

Asked on: 27 Jan 2020

Which of the following statements about price discrimination is not true?

1 Answer

Asked on: 27 Jan 2020

\nIf consumers think that there are very few substitutes for a good, then\n

1 Answer

Asked on: 27 Jan 2020

\nSuppose you purchase a perpetuity for $1,000 that pays coupons of $50 per year. If the interest rate changes and becomes 10%, what will happen to the price of the perpetuity?\n

1 Answer

Asked on: 26 Jan 2020

\nWhich of the following statements is true about the impact of an increase in the price of lettuce?\n

1 Answer

Asked on: 26 Jan 2020

\nWhich of the following shifts the demand for watches to the right?\n

2 Answers

Asked on: 26 Jan 2020

What is a buyer's willingness to pay?

3 Answers

Asked on: 26 Jan 2020

\nThe law of demand states that an increase in the price of a good\n

1 Answer

Asked on: 26 Jan 2020

Which of the following statements about inflation is not true?

1 Answer

Following

You are following 0 people.

Followers

You have 0 followers.

Rank

Alfred Hook

1^st
Rank

Orion Thames

2^nd
Rank

Alfred Hook

1^st
Rank

Cambron Bill

3^rd
Rank

Leaderboard

All Time

1^st
Rank

Alfred Hook

6911
Asked8850
Answered36515
Total Points

2^nd
Rank

Orion Thames

6420
Asked8445
Answered34477
Total Points

3^rd
Rank

Cambron Bill

6565
Asked8318
Answered34303
Total Points

4^th
Rank

Santepro

3054
Asked7457
Answered22311
Total Points

5^th
Rank

Catherine Halcombe

2663
Asked5989
Answered16944
Total Points

6^th
Rank

Gregorynaomi

1084
Asked1565
Answered12272
Total Points

7^th
Rank

RN Pedia

1894
Asked3013
Answered10139
Total Points

8^th
Rank

AdewumiKoju

713
Asked1099
Answered8264
Total Points

9^th
Rank

Jaksiboy

623
Asked1160
Answered7930
Total Points

10^th
Rank

Cripstwick

429
Asked1295
Answered7890
Total Points

Knows About

Forgot Password?