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Author Question: If insured drivers decide to drive more recklessly than uninsured drivers do, then an adverse ... (Read 89 times)

Yolanda

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on: Jun 29, 2018
If insured drivers decide to drive more recklessly than uninsured drivers do, then an adverse selection has occurred.
 
  Indicate whether the statement is true or false

Question 2

In the above figure, income is 8, the price of a soft drink is 1, and the initial price of a milkshake is 2. If the price of a milkshake decreases to 1, milkshakes are revealed to be
 
  A) an inferior good.
  B) a normal good.
  C) less preferred than soft drinks.
  D) None of the above answers is correct.


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Pswine

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

FALSE

Answer to Question 2

B


Yolanda

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

diana chang

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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