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Author Question: Substitute goods are goods that are: a. jointly consumed. b. competing for consumer spending. c. ... (Read 71 times)

dollx

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on: Jun 30, 2018
Substitute goods are goods that are:
 a. jointly consumed.
  b. competing for consumer spending.
  c. used late in the game.
  d. inferior.
  e. normal.

Question 2

Assume that Coca-Cola and Pepsi-Cola are substitutes. A rise in the price of Coca-Cola will have which of the following effects on the market for Pepsi?
 a. A movement down along the Pepsi demand curve.
  b. A rightward shift in the Pepsi demand curve.
  c. A movement up along the Pepsi demand curve.
  d. A leftward shift in the Pepsi demand curve.


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Heffejeff

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


dollx

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Reply 2 on: Jun 30, 2018
Excellent

atrochim

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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