Blog

(True or False) When you feel hot and sweaty from exercise, it is an example of an exergonic reaction.

Balance the following equation:  H2 + O2  →   H2O

Describe the relationship between kinetic and potential energy.

A 15% increase in the price of wheat causes the quantity supplied to increase by 30%. What is the price elasticity of supply?

If the price elasticity of supply is less than 1, supply is considered:

Suppose Enterprise discovers the elasticity of demand for rental cars is 1.2.  If they would like to increase the revenue from car rentals, Enterprise should 

Supply tends to be __________ in local markets and __________ in global markets.

New information is released that proves that drinking cow’s milk causes you to gain 2 pounds every year. What happens to the market for milk?

An increase in consumer income for a normal good will:

France has the largest long-run elasticity of oil demand (the most elastic) of any of the large, rich countries, according to estimates.  Does this mean that France is better at responding to long-run price changes than other rich countries, or does it mean France is worse at responding?