Advanced Placement (AP), 28.01.2020 14:08, 224509
There is a new gadget that just came out. many people want it, but there are not many available. after one year, the gadget is more popular, but there are more of them available. a student describes how the price of the gadget would change using the laws of supply and demand by saying, "since the quantity supplied is initially low, the price will be high and, as the quantity supplied increases, the price would get lower." why is the student’s answer incorrect?
-when the quantity supplied is low, the price will be low.
-when the quantity supplied increases, the price will get higher.
-the price is affected by the interaction of supply and demand.
-the price is affected by inflation, not just quantity.
Answers: 3
Other questions on the subject: Advanced Placement (AP)
Advanced Placement (AP), 23.06.2019 12:30, Pandorasbx2657
Jacob’s four-month-old infant is crying continuously. while jacob’s wife suggests that he pick up the baby, jacob’s mother thinks that picking up the baby each time she cries is bad for the baby. why is jacob’s wife right? a. babies sleep better when carried. b. babies learn to cry whenever they want someone to hold them. c. babies may choke if crying while lying on their back. d. babies develop a sense of trust that someone is there to provide care.
Answers: 1
Advanced Placement (AP), 25.06.2019 11:50, jordanjones022
Some studies have found that what percentage of students have cheated in some form? a. 10% b. 25% c. 45% d. 75%
Answers: 2
Advanced Placement (AP), 26.06.2019 20:50, ShiannBerry
What if all school closed down and you got kicked from the will you do
Answers: 2
Do you know the correct answer?
There is a new gadget that just came out. many people want it, but there are not many available. aft...
Questions in other subjects:
History, 18.09.2019 10:20
Mathematics, 18.09.2019 10:20
English, 18.09.2019 10:20
