Question and answer
You read an article in a news magazine that explains how the economy expanded for several years, and then went into a period of contraction. What is the main subject of this article? A. poverty B.
microeconomics C. the business cycle D. voluntary exchange
C. the business cycle
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Original conversation
User: You read an article in a news magazine that explains how the economy expanded for several years, and then went into a period of contraction. What is the main subject of this article? A. poverty B. microeconomics C. the business cycle D. voluntary exchange

Weegy: C. the business cycle
rugmaker|Points 2187|

User: A writer should avoid plagiarism because she may A. be banned from writing any more works. B. be tried as a criminal. C. be sued for fraud. D. have to make a public apology.

Weegy: C. be sued for fraud
scijoe21|Points 2205|

User: A minimum price, set by the government, that must be paid for a good or service is called a _____. A. price wall B. price floor C. price field D. price ceiling

Weegy: B. price floor
Expert answered|MrG|Points 1196|

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Asked 9/14/2012 12:47:41 PM
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Which of these products or services is likely to have an inelastic supply in the short run? A. cargo ships B. haircuts C. newspapers D. staples
Weegy: A product with elastic supply is one where the price you offer will have a strong impact on whether the seller will sell. A. cargo ships User: How does a person’s perception of a good as a necessity or a luxury affect his or her purchase of it? A. If a good is perceived as a luxury, demand becomes elastic. B. People who have a lot of money will buy goods even if they think they are a luxury. C. A good that is perceived as expensive will no longer be considered a necessity. D. A good that is perceived as a necessity will be purchased even if the price rises. Weegy: D. [ [ A good that is perceived as a necessity will be purchased even the price rises. In Business, you're taught about how goods which are necessities or commodities are purchases regardless of the price because consumers NEED them ...therefore you would call such a good as being 'price inelastic.' If the price of luxury goods goes up, then the demand will decrease as less people will be willing to pay an extortionate price for it. ] ] User: Owners of digital cameras have to buy memory cards in order to use the cameras. Cameras and memory cards are A. substitutes. B. complements C. unrelated. D. elastic. Weegy: B. complements User: Businesses often use information such as age, income level, and occupation to sell products to certain groups of people. What is this type of information called? A. revenues B. complements C. markets D. demographics Weegy: I believe the type of information that businesses that often use information such as age, income level and occupation to sell products to certain groups of people is called complements. Because it is already explaining everything. (More)
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Expert Answered
Asked 9/14/2012 11:43:20 AM
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