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I got all these wrong. Please provide the correct answers. Thanks!
Question 19 of 20 0.0/ 0.25 Points What is a key component of a market systems operation? OA. money C. cooperation between buyers and sellers Question 20 of 20 0 25 Points Though the United States has large coal reserves, environmental concerns led to the Clean Air Act of 1975 which enforces the reduction of coal emissions. Which of the following scenarios is most likely to have occurred soon after the Clean Air Act was passed? OA. The demand for cheap nuclear power shot up. B. Coal mine owners had to cut the wages of the miners. C. Companies making devices that trap pollutants before they are released into the air experienced an increase in sales. Sho e 0538469382 2558 doc Acct12 Appe W ResearchsProject doc
Question 16 of 20 0.0/ 0.25 Points Which of the following three items is NOT a determinate of demand? OA. price OB. taste C. price of substitutes
× | Θ TeamViewer Aut. × 1 e Name At Least 8 : × G lithosphere exam× 1 G Amphibians . Go X | du/portal/site/MAU 47101.201930/tool/30722679-ba57-412b-a52d-e7a32e4006cd/jsf/index/mainindex Question 12 of 20 0.0/ 0.25 Points Which of the following is a typical consequence of a rise in price? OA. the inflation rate increases B. the demand curve moves OC. production increases Question 13 of 20 0.0/ 0.25 Points Which of the following three items is NOT a determinate of demand? O A. price B, preferences C. income
Question 9 of 20 0.0/0.25 Points If there is a shortage at a given price, then: OA. That price is the equilibrium price. O B. That price is greater than the equilibrium price. OC. That price is less than the equilibrium price. O D. There is no equilibrium price in the market.
Question 4 of 20 0.0/0.25 Points When the supply of HDTVs increases, ceteris paribus, the equilibrium price will decrease because: OA. A shortage exists at the old equilibrium price. OB. A surplus exists at the old equilibrium price. OC. The quantity demanded has increased. OD. The quantity supplied has decreased
Question 2 of 20 0.0/ 0.25 Points An increase in the price of one good can cause a decrease in the demand for another good if the goods are: 0 A. Substitutes. B. Complements. OC. Unrelated to each other. D. Both inferior
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Homework Answers

Answer #1

1) competition

Competition is the key component of market system operation.

2.the demand for cheap nuclear power shot up.

As a substitute to coal energy.

3.taste

4.the demand curve moves.

People stop buying or reduces the purchase of such items.

5. Income

6. That price is less than the equilibrium price

Demand> supply.

7.a surplus exists at old equilibrium price

Supply> demand

8. complements.

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