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Author Question: When an American college student in Davis, California spends 200 on a pair of Louis Vuitton jeans (a ... (Read 100 times)

nramada

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on: Jun 29, 2018
When an American college student in Davis, California spends 200 on a pair of Louis Vuitton jeans (a famous French brand), U.S. consumption ________, U.S. net exports ________, and U.S. GDP ________.
 
  A) does not change; increases by 200; increases by 200
  B) increases by 200; decreases by 200; does not change
  C) increases by 200; does not change; increases by 200
  D) does not change; does not change; does not change
  E) does not change; decreases by 200; decreases by 200

Question 2

According to your authors, the prohibition on alcohol kept the ________ curve relatively stable while the ________ curve became more ________.
 
  A) supply; demand; elastic
  B) supply; demand; inelastic
  C) demand; supply; elastic
  D) demand; supply; inelastic


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akemokai

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

B

Answer to Question 2

D


nramada

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Reply 2 on: Jun 29, 2018
Excellent

jordangronback

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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