Think Critically
How does this article demonstrate the law
of demand? Is there a possible violation
of the "other factors held constant"
assumption?
Chapter 3 Market Demand

Answers

Answer 1

Answer:

Explanation:

Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. Demand is based on needs and wants—a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay, you have no effective demand.

What a buyer pays for a unit of the specific good or service is called price. The total number of units purchased at that price is called the quantity demanded. An increase in the price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a decrease in price will increase the quantity demanded.

When the price of a gallon of gasoline goes up, for example, people look for ways to reduce their consumption by combining several errands, commuting by carpool or mass transit, or taking weekend or vacation trips closer to home. Economists call this inverse relationship between price and quantity demanded the law of demand. The law of demand assumes that all other variables that affect demand are held constant.

Demand schedule and demand curve

A demand schedule is a table that shows the quantity demanded at each price.

A demand curve is a graph that shows the quantity demanded at each price. Sometimes the demand curve is also called a demand schedule because it is a graphical representation of the demand scheduls.

Here's an example of a demand schedule from the market for gasoline.

Price (per gallon) Quantity demanded (millions of gallons)

\$1.00$1.00dollar sign, 1, point, 00 800800800

\$1.20$1.20dollar sign, 1, point, 20 700700700

\$1.40$1.40dollar sign, 1, point, 40 600600600

\$1.60$1.60dollar sign, 1, point, 60 550550550

\$1.80$1.80dollar sign, 1, point, 80 500500500

\$2.00$2.00dollar sign, 2, point, 00 460460460

\$2.20$2.20dollar sign, 2, point, 20 420420420

Price, in this case, is measured in dollars per gallon of gasoline. The quantity demanded is measured in millions of gallons over some time period—for example, per day or per year—and over some geographic area—like a state or a country.

Here's the same information sho


Related Questions

Explain the Incan origin myth. *

Answers

Inca legend of the creation of the world
One of the most popular Inca myths tells that the Andean god Viracocha gave rise to a universe that had no light and was inhabited by giants who disobeyed him. This motivated Viracocha to create torrential rains and, consequently, a fatal flood.

13. The Emperor of Qin ordered all Confucian books brought to the capital so that he could
O A. destroy them.
B. learn from them.
O C. start a new library,
D. have them translated.

Answers

The emperor of qin ordered all the Confucius books to be brought to the capital so he could DESTROY THEM cause he wanted to end any opposition to his rule.

What was the Maya most remarkable achievement?

Answers

Answer:

Their Trade, Numeric System or Architecture.

Explanation:

The guy abkve has the right answer okay

3) define "totalitarian state" in your own words.


ASAP​

Answers

Answer:

Totalitarianism is a concept for a form of government or political system that prohibits opposition parties, restricts individual opposition to the state and its claims, and exercises an extremely high degree of control over public and private life.

Explanation:

:)

Answer:

Relating to a government that has almost complete control over the lives of its citizens and does not permit political opposition.

Explanation:

2 real world examples to Alexander Hamilton

Answers

Answer:

He taught us not to procrastinate. And to not let little speed bumps get in our way of the real road that were on.

Explanation:

what potential freedoms did the president leave out?

Answers

Answer:

freedom of wealth/ liberty

Explain the geographic context for the development of the civilizations in Africa.

Answers

Answer:

The geography impacted where people could live, important trade resources such as gold and salt, and trade routes that helped different civilizations to interact and develop. A wide variety of peoples developed throughout Ancient Africa over the course of history.

Explanation:

I hope this helps! :)

NEED HELP ON 27 PLEASE HELP

Answers

i believe that the answer is b
The answer is going to be B

Which statement is true?

A. Germany preferred to keep fighting rather than accept the terms for peace.
B. The Allied Powers followed Wilson's Fourteen Points.
C. Although the armistice took place on November 11, 1918, fighting continued on the western front
D. Germany was forced to pay the Allied Powers and accept blame for the war.

Answers

Answer:

I think maybe C

Explanation:

Although the armistice took place on November 11, 1918, fighting continued on the western front is the statement is true. Thus, option (c) is correct.

What is armistice?

A formal agreement for two or more warring parties to cease hostilities is known as an armistice. Because there may merely be a halt to active hostilities, an armistice does not always signify the end of a war.

A local armistice or truce, often known as a truce or armistice, is a brief or partial cessation of hostilities, whereas a general armistice is a complete cease of all hostilities.

Despite the fact that the fighting in World War I came to an end on November 11, 1918, the conflict was not formally over. Before the Treaty of Versailles was ratified on June 28, 1919, fighting on the western front persisted.

As a result, the significance of the statement is true are the aforementioned. Therefore, option (c) is correct.

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Why is Harlem hell fighters important in WWI

Need help??????????!!!!!!!!!!!

Answers

Explanation:

The Harlem Hellfighters were an African-American infantry unit in WWI who spent more time in combat than any other American unit. Despite their courage, sacrifice and dedication to their country, they returned home to face racism and segregation from their fellow countrymen.

Answer:

The Hellfighters helped bring jazz to France, then battled Germany longer than almost any other American doughboys.

In the 1920s, Georgians were affected by each factor below EXCEPT which of the following?
A. boll weevils
B. a prolonged drought
c. an increase in cotton production and prices
D. the loss of thousands of working farms

Answers

Answer:

an increase in cotton production

Explanation:

because the boll weevils were eating all their plants, I hope this helps!

Did the Court hold that there are no circumstances under which executive privilege might be
asserted?

Answers

Answer:

To protect military, diplomatic, or sensitive national security secrets would be the only times that it was allowed.

Explanation:

RIDDLE TIME (also pls don't look it up)

What can you break even if you don't pick it up or touch it​

Answers

An egg I know the answer is wrong but mkay

Which state is famous for Hollywood?​

Answers

Answer:

I Think It's California

what was the last ruler of nanda dynasty​

Answers

Answer:

Dhana Nanda (धनानंद,died c. 321 BCE), whose name literally means "Wealthy Nanda", according to the Buddhist text Mahabodhivamsa, was the last ruler of the Nanda dynasty of ancient India. He was the youngest of the eight brothers of the dynasty's founder Ugrasena (also known as Mahapadma Nanda).

Explanation:

Which group was most influential in starting an overthrow of the Yuan Dynasty in the 14th century?

O The Black Shirts

O The Red Turbans

O The Boxers

O The Mongols

Answers

The answer is The Red Turbans I think .

How did the Ming dynasty remove Mongol influence in China?

They helped spread Buddhism throughout all of China.
They limited what could be shown in Chinese literature and art.
They expanded the use of legalism throughout the entire empire.
They brought back ideas from Confucianism, such as civil service exam

Answers

Answer: The Ming dynasty tried to remove all traces of foreign influence by encouraging individuals to abandon the Mongol names and dress that had been adopted. The government sponsored study of Chinese cultural traditions. From there, corruption within the government weakening the dynasty further.

Explanation:

The Ming dynasty removed Mongol influence in China they brought back ideas from Confucianism, such as civil service exam. Thus, option 4th is correct.

What changed did the Ming Dynasty brings to China?

China was controlled by the Ming Dynasty from 1368 to 1644 A.D., during which time its population doubled, known for establishing cultural linkages with the West through the development of its commerce to other countries.

The Ming dynasty encouraged people to give up the Mongol names and attire that they had adopted in an effort to eradicate any signs of foreign influence. The study of Chinese cultural heritage, supported by the government.

By reinstituting the examination system and traditional Chinese Han governance, they reinstated Chinese control. Hongwu liberated China from Mongol rule, ushered in agricultural and economic prosperity, and increased population. Hence, option 4th is correct.

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When something bad happens, are you someone to stand by and let it happen, or do you try to do something about it?

Answers

I do something about it.

Explanation:

I'll almost always try to do something about it. Otherwise I'll feel guilty knowing that I didn't stand up for what I believed was right.

Fill in the blank.

_______ was an Indian attorney responsible for starting a non-violent movement to push the British out of India.
Sun Yat-sen wanted the Chinese government to be developed as a _______.
The name of King Leopold II's personal African colony was _______.
One of the first wars fought in Africa for independence against the British was called the _______.
Crops that are produced for the purpose of being sold for profit are called _______.
A/An_______ is a form of government led by a small group of individuals.
Respond to the following based on your reading.

What were Gandhi's main strategies for gaining independence?
Why did the Chinese join World War I?

Answers

Answer:

Mohandas Gandhi

democratic republic

Congo Free State

Boer War

cash crops

oligarchy

Gandhi encouraged non-violent resistance. He led large symbolic protests that demonstrated the united power of Indians against their oppressors. He wanted to avoid violence and war. Additionally, Gandhi's movement included Indians of all faiths and of all castes.  

They hoped to negotiate at the end of the war. They wanted to rid their countries of all foreign influence

Explanation:

Mohandas Gandhi was an Indian attorney responsible for starting a non-violent movement to push the British out of India.Sun Yat-sen wanted the Chinese government to be developed as a democratic republic.The name of King Leopold II's personal African colony was Congo Free State.One of the first wars fought in Africa for independence against the British was called the Boer War.Crops that are produced for the purpose of being sold for profit are called cash crops.An oligarchy is a form of government led by a small group of individuals.

What is Oligarchy?

Oligarchy is the type of the government in which the small group of the people are having the power to control over the nation.

The main strategy of the Gandhi to fight for the freedom was to protest through non-violent acts and resistance.

Chinese joined the World War I as do not want any other country to rule over them.

Indian lawyer Mohandas Gandhi was in charge of launching a nonviolent movement to drive the British out of India.

Sun Yat-sen desired the establishment of a democratic republic in China. Congo Free State was the name of King Leopold II's private African colony.

The Boer War was one of the first conflicts fought in Africa to achieve independence from the British.

Cash crops are those that are grown with the intention of being sold for a profit.

A kind of government known as an oligarchy is one that is governed by a select few people. Therefore, it can be concluded that Non violence was the strategy used by Gandhi.

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The ancient Hebrews were among the first to develop a religious tradition that included

holy pilgrimage
ancestor worship
monotheism
sacrifices

Answers

Answer:

the tradition included monotheism

give at least five cultures of marinduque and analyze how this culture shapes your behavior​

Answers

Answer:

The island province of Marinduque is most known for its Lenten tradition of Moriones Festival. This annual religious festivity that originated in the municipality of Mogpog, is characterized by colorful Roman costumes and masks. Moriones, is a play based festival from a biblical story of Longinus

can i get the crown please .

Answer:

bowing elders means respecting

involving in culture means respecting culture

shaking hands means respecting friends

kissing a senior means loving them

hug a elder means to get support from them

What are some of the benefits of knowing more than one language? please help!!

Answers

Answer:

Knowing more than 1 language can help you interact with people who don't speak your language.

Answer:

knowing more than one language benefits you, it could be with getting a job, helping others, and make an impact on the world  

What sea battle made it possible for the Allies to eventually retake the Philippines?
• Battle of Midway
• Battle of Saipan
• Battle of Leyte Gulf
•Battle of Iwo Jima

Answers

Answer:

b

Explanation:

just sounds about like the right answer

Choose all of the items that represent a common description of John D. Rockefeller and Andrew Carnegie.
A)
steel industry
B)
bought their way into elected office.
C)
sometimes classified as "Robber Barons
D)
gave away huge portions of their wealth to charity
E)
oversaw the creation of trusts/monopolies in the late 1800s

Answers

Answer:

A,D,E

Explanation:

Took the test

A common description of John D. Rockefeller and Andrew Carnegie are:

steel industry

gave away huge portions of their wealth to charity

oversaw the creation of trusts/monopolies in the late 1800s.

Two famous entrepreneurs, Andrew Carnegie and John D. Rockefeller owned larger companies. Rockefeller owned Standard Oil Company which included all of the refineries in the United States. Carnegie owned the steel industry in America in the late 19th century.  

Therefore we can conclude that option A, D and E are correct answer.

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What are similarities and deference's between coastal tribes and plateau tribe

Answers

Answer:

Unlike the Plateau Indians the Coastal Indians weren't nomadic so they had permanent structures call longhouses which werer 40 to a 100ft long and 20 to 30ft wide. The Plateau Indians had teepees.

Explanation:

Answer:

                                                      DIFFERENCES

Their shelter. Unlike the Plateau Indians the Coastal Indians weren't nomadic so they had permanent structures call longhouses which were 40 to a 100ft long and 20 to 30ft wide. The Plateau Indians had teepees. Teepees were cone shaped shelters that are movable. They usually only have one entrance and has no windows. The Plateau Indians also had a shelter called the pit house. It was used to shelter them through the harsh winter snows and extreme windsTheir society. The society of the Coastal's were a lot more strict than the Plataea Indians.The Plateau Indians elects their chiefs while in the Coastal society that position is given to the son of the chief. The Plateau Indians chose their chiefs by their ability in battle and leadership. In the Coastal Indians society their was only one chief per village while in the Plateau Indians society their were more than one chiefs with different levels of superiority.Their diets. The Plateau Indians and the Coastal have some similarities but diet isn't one of them. Unlike the Coastal the Plateau Indians had a difficulty finding food. While the Coastal Indians had easy access to the ocean the Plateau Indians didn't. This is also why they mainly ate different foods. The Coastal Indians mainly ate fish such as salmon, cod, and halibut, but their most important food source was the whale. Unlike the Coastal Indians the Plateau Indians mainly hunted their foods. Their mainly ate bear, deer, antelopes, and berries. When food was scarce they would even eat dogs, snakes, and bugsTheir transportation. While both the Coastal and Plateau indians used their leg to move around they also used many other things. The Coastal Indians main means of transport was the dugout canoes because they were close to the Pacific ocean. On the other hand the Plateau Indians used horses to travel because they usually hunted animals that lived on land

                                               Similarities

Plateau economics were similar to that of the coastal. Food equaled power.

I'll make you brainliest!
Which reform did James Hogg enact?

A- regulation of the railroad industry

B- acknowledgement of women's right to vote

C- prohibition of alcohol

D- creation of commission form of government

Answers

Answer:

A) regulation of the railroad industry

In what way/ways could thurgood marshall be a role model for young people?

Answers

Answer:

He showed that African Americans should stand up for equal rights and fight the injustices in court.

Explanation:

Choose all the answer choices that identify achievements of the Emperor Justinian,
)
A)
expansion of the Empire
B)
codification of Roman law
raising taxes to pay for the army
D)
the construction of the Hagia Sophia
D
indecisiveness during the Nika Riots
Global Interactie

Answers

Answer:

I think it is A

Explanation:

because the statement praizez about the emperor justinian

HELP NEED THIS BY LIKE NOW!!!
Recognizing Cause and Effect Explain how organized crime developed as a
result of Prohibition and the passage of the Eighteenth Amendment.

Answers

Answer:

Well organized crime did not directly develop from Prohibition rather organized crime already existed but when the government told the whole country they can't sell or buy alcohol that makes such a process illegal. So, organized crime or crime families made profit from selling illegal alcohol or "bootlegging." More accurately organized crime was just put in the spot light when prohibition happened because they were the main resistance.  

Explanation:

Organized crime is defined by many crimes done by a organization such as a family or business. So when a large group of people begin selling alcohol they are considered being apart of an organized crime ring even if all they did was sell alcohol so even a truck driver could be made a "organized criminal"

What invention allowed Russian tsar, Ivan the terrible to expand the Russian empire east?

A. Gutenberg printing press

B. Gunpowder

C. Strong navy

D. Superior military strategy


Who defeated the Ottoman Empire in 1571 in a great naval conflict known as the battle of Lepanto?

A. English and French

B. German and Austrian

C. Italians and Portuguese

D. Spaniards and Venetians

Answers

Answer:

b gunpowder

Explanation:

Ivan the Terrible, a Russian empire, was able to extend its dominion to the east thanks to the invention of gunpowder. Thus option (B) is correct:

What is an empire?

The term empire refers that the several territories that come under one political unit be there as we see there are many villages as we see city and states are being there that comes to countries in the same way the empire is there for the different religions and many empires are there in it.

From 1721 to 1917, the Russian Empire, the country's penultimate era of monarchy, ruled over a sizable portion of Eurasia. Following the Treaty of Nystad, which put an end to the Great Northern War, it succeeded the Tsardom of Russia.

Therefore, Thus option (B) is correct:

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Therefore, Thus, option (A) is correct:

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