Author Question: The relationship between a change in the price of a complementary good and demand for another ... (Read 74 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
The relationship between a change in the price of a complementary good and demand for another complementary good is
 
  A) positive.
  B) negative.
  C) inconclusive.
  D) zero.

Question 2

According to the bounded rationality hypothesis, an individual confronting a large number of complicated choices is most likely to respond by
 
  A) using a simple rule of thumb to choose among a subset of easiest-to-evaluate options.
  B) using the ceteris paribus assumption to assist in simplifying and examining each of the possible options.
  C) utilizing readily available empirical evidence to assist in evaluating every option.
  D) assessing every available choice by developing sophisticated theories regarding each option.



14vl19

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

For a complete list of videos, visit our video library