--%>

Short run in Substitution process

In the short run, simple and cheap new cures for cancer and heart disease would most likely decrease the: (i) Gains of tobacco companies. (ii) Absentee rates of nearly all young workers. (iii) Demands for the hospital beds in intensive care units. (iv) Supplies of doctors specializing in such diseases.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Price elasticity of demand DVDs of games

    Moving from point c to point d beside demand curve D, the price elasticity of demand DVDs of video games equals: (1) 0.8. (2) one. (3) 1.10. (4) 1.25. (5) 2.50

    Q : Reason why giant corporations dominate

    John Kenneth Galbraith refuses theories which suppose profit maximization in competitive markets. According to him, the big corporations dominate the economic activity as: (1) Corporate managers look for maximum gains for stockholders. (2) Government policies are mani

  • Q : Oligopoly market Elucidate why are

    Elucidate why are firms mutually interdependent in oligopoly market.

  • Q : Income elasticity of demand when

    When average income rises from $18,000 to $22,000 yearly and yearly gasoline consumption per household increases from 1000 to 1500 gallons, in that case the income elasticity of demand for gas is: (1) in the inferior range. (2) 0.5. (

  • Q : Present value of given interest rate An

    An interest rate of 10 percent causes the present value of $1000 acquired one year by now to be: (w) $1000. (x) $1,100. (y) $909.09. (z) $100. Hey friends please give your opinion for the problem of Economi

  • Q : Problem relating to Exploitation I have

    I have a problem in economics on Problem concerning Exploitation. Please help me in the given question. Whenever resource suppliers are salaried less than the values of their marginal products [or VMPs], then they are stated to be: (p) Monopsonistic. (q) Monopolistic.

  • Q : Labor Unions-supply of workers The

    The methods unions use to raise the wages of their members do not comprise: (1) Rising the demand for the union labor. (2) Establishing higher salaries and allotting work to members. (3) Facilitating the management plans to raise productivity. (4) Raising the supply o

  • Q : Upward-sloping in Law of Supply The law

    The law of supply is graphically exhibited by the supply curve which is: (1) Moving all along the demand curve. (2) Vertical. (3) Upward-sloping. (4) Downward-sloping. Can someone please help me in finding out the

  • Q : Spending pattern in Substitution Effects

    I have a problem in economics on spending pattern in Substitution Effects. Please help me in the following question. Even when your real income were held steady by adjusting for price modifications, your spending pattern would react to modifications in relative prices

  • Q : Define money Money : Money is what

    Money: Money is what money does. Or Money is something that is accepted as a medium of exchange and at similar time act as a store of value.