Reference no: EM13832684
1. if demand is perfectly elastic the demand curve is horizontal
2. if demand for x shifts right as the price of good y increases, then x and y are substitutes
3. supply shifts rightward if input prices rise
4. it is possible for an economy to be inside its production possibilities frontier even if all workers who are willing and able to work have jobs.
5. if demand is elastic, if price decreases total revenue to the sellers increases.
6. if demand shifts right and supply left, then we know equilibrium quantity decreased but we do not know the change in equilibrium price.
7. Adam Smith's "invisible hand," analogy showed how selfish behavior can be harmful for an economy overall.
8. if demand shifts right and supply left, then we know equilibrium price increased, but we do not know the change in equilibrium quantity.
|
Along unit elastic demand curve-market price increase
: along a unit elastic demand curve, if the market price increases then. a good economic model should. if two goods are substitutes, their corss-price elasticity will be. for a straight line demand curve, price elasticity of demand near the "choke pric..
|
|
Apply the appropriate privacy controls on customer
: In your opinion, is it your organization's responsibility to apply the appropriate privacy controls on customer information? Why or why not?
|
|
Why do scientists use models of natural systems
: A student measures a rectangular room to be 20.0 m × 17.16 m. Which of the numbers below represents the room's area with the correct number of significant figures?
|
|
If demand shifts left and supply shifts right
: If demand shifts left and supply shifts right, then we know that. A demand curve for beans will shift right if. Demand will be more elastic if
|
|
Demand is perfectly elastic the demand curve is horizontal
: if demand is perfectly elastic the demand curve is horizontal. if demand for x shifts right as the price of good y increases, then x and y are substitutes. supply shifts rightward if input prices rise. it is possible for an economy to be inside its p..
|
|
Discuss various ways in which prosecutors assist victims
: Write a 2 page paper. Address the following in your paper: Discuss the various ways in which prosecutors assist victims. Are there situations that could lead to conflicts between the two? Explain
|
|
What is the primary driving force in a market economy
: What is the primary driving force in a market economy?
|
|
What is the equal-payment series
: What is the equal-payment series for 10 years that is equivalent to a payment series starting with $15,000 at the end of the first year and decreasing by $3,000 each year over 10 years? Interest is 9% compounded annually.
|
|
Discussion of memory management and scoping features
: Discussion of memory management and scoping features. Specification and rationale for major language features in terms of: Simplicity, Orthogonality, Data types and Syntax design.
|