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Author Question: Refer to the above figure. Suppose that Cheerios and Apple Jacks are substitutes. Which diagram ... (Read 162 times)

saraeharris

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on: Jun 29, 2018
Refer to the above figure. Suppose that Cheerios and Apple Jacks are substitutes. Which diagram shows the effect on the demand for Cheerios when the price of Apple Jacks cereal has decreased?
 
  A) A
  B) B
  C) neither graph
  D) both graphs

Question 2

The regulation of the prices charged by insurance companies is known as
 
  A) the Federal Register.
  B) social regulation.
  C) the market share test.
  D) economic regulation.


mcabuhat

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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