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Author Question: If the Apple Watch and the Samsung Gear S2 are considered substitutes, then, other things equal, an ... (Read 78 times)

Zoey63294

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If the Apple Watch and the Samsung Gear S2 are considered substitutes, then, other things equal, an increase in the price of the Apple Watch will
 
  A) increase the quantity demanded for the Apple Watch.
  B) increase the quantity demanded for the Gear S2.
  C) increase the demand for the Gear S2.
  D) decrease the demand for the Apple Watch.

Question 2

An inward shift of a nation's production possibilities frontier can occur due to
 
  A) a natural disaster like a hurricane or bad earthquake.
  B) an increase in the labor force.
  C) a change in the amounts of one good desired.
  D) a reduction in unemployment.


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choc0chan

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Zoey63294

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


Dinolord

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Reply 3 on: Yesterday
Excellent

 

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