Demand Practice Problems 1. Which of the following best describes the law of demand? (A)The price of a good increases when the demand for the good increases. (B)The price of a good decreases when the supply of the good decreases. (C)When the price of a good increases, its demand decreases. (D)When the price of a good decreases, its quantity demanded increases. ​

Answers

Answer 1

Answer:

C. When the price of a good increases, its demand decreases.

Explanation:

The law of demand is one of the most fundamental concepts in economics, according to which the demand varies inversely with the price of a product.  This means that, if the price of a good increases, its demand decreases. For example, if someone wants to buy bottled water, they are more likely to buy more bottles if they are cheaper.


Related Questions

Which of the following provides evidence that Georgia had both patriots and loyalists living in the colony?

Answers

Answer:

A. Georgia was the only colony to sell stamps as part of the stamp act

B. Many Georgians allied with the creek to fight the British

Explanation:

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is LO6 MO4 percent, and the cyclical unemployment rate is 2 percent. The frictional unemployment rate is _________ percent and the actual unemployment rate (in this economy) is ___________ percent.

Answers

Answer: 3.1%; 7.3%

Explanation:

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. The frictional unemployment rate is 3.1 percent and the actual unemployment rate (in this economy) is 7.3 percent.

1. Natural Unemployment rate = Structural Unemployment + Frictional Unemployment

5.3% = 2.2% + Frictional Unemployment

Frictional Unemployment = 5.3% - 2.2%

= 3.1%

2. Actual Unemployment = Cyclical Unemployment + Natural Unemployment

= 2% + 5.3%

= 7.3%

Sandra wants to study how students in their senior year of high school prepare for college. She starts by visiting an elite boarding school nearby. Sandra knows that to make general claims about seniors preparing for college, she will need to randomly select from the population she wants to generalize to. return to the high school next year to study the new seniors. be aware of her intentions, so the study will be valid and reliable. visit more schools so that her sample is representative of the group she wants to generalize to _____

Answers

Answer:

- Visit more schools so that her sample is representative of the group she wants to generalize to.

Explanation:

Sandra must 'visit more and more schools in order to ensure that the sample which she selects appropriately represents the group about which she is generalizing.' In the Inferential statistics, to reach an accurate, authentic, and objective inference about the representative population, the selection of the sample must be unbiased and random. Thus, the sample must be selected from a wide area to offer equal opportunity to every part of population to represent that assists in making valid and reliable claims.

How are Abigail Adam's concerns about Representation similar to the colonists' Concerns in Chapter 3?​

Answers

They're both irrelevant

Why is the government of Scandinavia expensive to run? few workers
little manufacturing
social security
low population

Answers

Answer:

Social Security

Explanation: Scandinavia has a vast social security system that is very expensive for the government to run, so taxes are very high.

Answer: Social Security According to the lesson

Explanation: Scandinavia has a vast social security system that is very expensive for the government to run, so taxes are very high. (Copied from lesson)

Why do some people protest against Christopher Columbus being seen as a hero?

(please give around a paragraph)

Answers

Answer:Columbus Day is arguably the most divisive of all federal holidays. There’s no mail service. Some big banks are closed. And while plenty of stores offer “Columbus Day Savings,” the specials they’re promoting tend to indicate the explorer wasn’t the keenest shopper on the planet.

Explanation:While he’s credited for leading the charge of European immigration to North America, history has shown that Christopher Columbus was less a heroic historical figure and more of an arch-villain, bringing disease, wars and more to what would eventually become the U.S. and brutalizing Native Americans in the process.

Answer:

Columbus Day is arguably the most divisive of all federal holidays. There’s no mail service. Some big banks are closed. And while plenty of stores offer “Columbus Day Savings,” the specials they’re promoting tend to indicate the explorer wasn’t the keenest shopper on the planet.

Explanation:

2. What is the most important natural resource of Louisiana?
A. Swamp land
B. Coal mines
C. Mississippi River
D. Hurricanes
I need this now thanks​

Answers

Answer:

I'm from Louisiana so it's coal mines.

is cotton, peanuts, pigs, rice, silk, indigo, tobacco part of colonial economy or not​

Answers

Answer:

Yes, but switch peanuts with wine

Explanation:

yes but not the peanuts

King ______________________ established a new Babylon which becomes famous for it’s architecture, and advances in math, geometry, and astronomy.
a.
Nebuchadnezzar
c.
Carthage
b.
Hammurabi
d.
Sumer

Answers

Answer:

B Hammurabi

Explanation:

edge2021

Which of the following countries were part of the Allied Powers?

 
A. 

Germany, United States, Japan, and Italy

B. 

Soviet Union, Japan, United States, and France

C. 

France, Germany, Japan, and Britain. 

D. 

Soviet Union, Britain, France, and the United States

Answers

Answer:

Im pretty sure its D

Explanation:

Answer:

The answer is D

Explanation:

Britain , Russia, France and the U.S. were allied powers while Japan, Italy, and Germany were part of the axis powers.

What was one purpose of the United Farm Workers Union?
A. To improve race relations with other farmworkers
B. To encourage more immigrants to come to the United States
C. To raise the prices of agricultural crops
D. To help farmworkers achieve U.S. citizenship​

Answers

Answer:

to help farm workers achieve U.S. citizenship

Explanation:

Instruction

Active

Increasing Taxes

Why did many British leaders support the idea of raising taxes on the American colonies?

Check all the boxes that apply.

to raise an army to drive the French from North America

to punish the Americans for being disloyal during the French and Indian War

to help pay the heavy debt owed by the British government after the war

to help pay for the defense of Britain's large empire in North America

to increase British control over the colonies

DONE

It’s CDE

Answers

Answer:

to help pay the heavy debt owed by the British government after the war

to help pay for the defense of Britain’s large empire in North America

to increase British control over the colonies

Explanation:

(plz hlp dis do be 4 social studies)

What similarities and differences exist between greater Mexico City and southern Mexico?

Answers

Southern Mexico is not the main port its the south part and the Mexico City is more of an urban area

how many people today have access to the internet?​

Answers

Answer:

millions/billions/AND more

of people

Answer:

An estimated 3.2 billion people are now online

Explanation:

1.which battle concluded the american revolution ?

2. which battle started the american revolution ?

Answers

The first battle was the battle at Concord & Lexington. The final battle was the Siege of Yorktown

HELP!!! What was the name of the local government organization?
A) Post office
B) Parish
C) Mission
D) County

Answers

Answer:

If you live in the US, it's County.

Explanation:

Answer:

D-country

Explanation:

hope this helps :)

Question 5
"For Quartering large bodies of armed troops among us:
For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these states:
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent"
How does this excerpt from the Declaration of Independence relate to "unalienable rights"?
A
The excerpt is part of the Preamble and explains why the colonists have unalienable rights,
B
The excerpt is part of the Preamble and explains the unalienable rights the colonists are claiming.
с
The excerpt is part of the list of grievances and explains how the colonists' unalienable rights were violated.
D
The excerpt is part of the list of grievances and explains how the colonists have fought for their unalienable rights.

Answers

Answer:c

Explanation: These are all complaints about the kings wrongdoing and they are exposing how the king violated their rights.

There are two narrators in "The Three Golden Hairs of Grandfather Know-All." Why do you think the author used two narrators instead of just one? Help me please ;) and you might become the most branly person ever!!!

Answers

Answer:

To present two approaches that allow the reader to have a broader view of the narrative.

Explanation:

The narrator of a story is the voice that tells the facts, the situations, the events and can even show the thoughts, emotions and sensations of the characters. In other words, the narrator is the storyteller and it is the narrator's approach that delimits the level of depth to which the reader will be submitted.

The use of two narrators in the story expands the reader's approach and perception of the narrative. This technique allows the reader to have access to two different views of the same story, giving more details and extending the reader's understanding.

Answer:

To present two approaches that allow the reader to have a broader view of the narrative.

Explanation:

Hope this helps. (:

In triangular trade, what was carried from colonies in the Americas to Europe?
A) Enslaved persons, gold, and pepper
B) Raw materials and cash crops
C) Horses, mules, and oxen\
D) Manufactured goods like cloth, iron, and weapons

Answers

Answer:

B} Raw Materials and Cash Crops.

Explanation:

They brought over the cash crop and materials produced by the slaves.

how important was the assistance of France in the American victory

Answers

Answer:

France provided the money, troops, armament, military leadership, and naval support that tipped the balance of military power in favor of the United States and paved the way for the Continental Army's ultimate victory, which was sealed at Yorktown, VA, five years after Franklin embarked on his mission.

when the second continental congress reviewed the declaration of independence it

Answers

Answer:

was in may 1775

Explanation:

Use the drop-down menus to choose the correct term or words to complete the statements. Democracy is defined by the fact that government gets its power from the. In ademocracy, all citizens take part in government policy by voting on issues. In ademocracy, citizens choose people to act on their behalf in government.

Answers

Answer:

1.  will of the people

2.  direct

3. representative

Explanation:

Democracy is defined by the fact that the government gets its power from the WILL OF THE PEOPLE. In a DIRECT democracy, all citizens take part in government policy by voting on issues. In a REPRESENTATIVE democracy, citizens choose people to act on their behalf in government.

Hence, given the statements, the correct words or phrase that completes them are the following:

1. will of the people

2. direct

3. representative

Answer:

Democracy is defined by the fact that the government gets its power from the will of the people.

In a direct democracy, all citizens take part in government policy by voting on issues.

In a representative democracy, citizens choose people to act on their behalf in government

Explanation:

I'm right swear

Which is the correct answer

Answers

I think it would Be D. Lemme know if this helps

Can someone answer this question

Answers

Answer:

we did not read the passage take pics of the passage and we can help

Explanation:

What if you do not fit in the two parties political system how would you vote

Answers

Answer:

there are other smaller parties that sometimes have candidates that you may support, you can also vote for which ever candidate you feel supports your beliefs best

if you don’t fit in the two political party system, there are many third party candidates you can vote for (example: independents, green party, libertarian, etc.) or just vote for the democratic/republican candidate that you agree with the most on their beliefs. hope this helps! :)

Select the word that means almost the same as cede

Answers

Answer: Give in or sign over

Answer:

surrender

Explanation:

What are some signs that someone might be dealing with a mental health disorder or illness?

Answers

Answer:

Dont act like they usually though.

Explanation:

If people dont respond or act like they normally do then you can tell something is up.

Answer:

Explanation: Feeling sad or down.

Idle thinking or decreasing ability to concentrate.

Moderate fears or worries, or extreme feelings of guilt.

A lot of mood changes of highs and lows.

Away from friends and activities.

Notable tiredness, low energy or problems sleeping.


A story about a family traveling to the Grand Canyon and seeing
famous landmarks along the way. What is trying to do ?
Persuade
Entertain
Inform

Answers

Answer:

Entertain

Explanation:

Why visit these landmarks just to persuade someone, why visit if your informing someone. Go search it up. Your doing it to entertain people.

5
Select the correct answer.
What is the population distribution?
C. The pattern in which a population spreads

Answers

Answer:

c is write.,........answer

I’m in my feels and I don’t know how to get outta them, any suggestions?

I’ve tried vibing to my favorite songs ;~;

Answers

Answer:

Try the Jaymes young song

Answer:

imo lil peep is mid try listening to "17" by X or Old drake songs

Explanation:

R&B is also another

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