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Author Question: Bananas and apples are substitutes. When the price of bananas rises, and a technological advance in ... (Read 93 times)

jho37

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on: Jun 30, 2018
Bananas and apples are substitutes. When the price of bananas rises, and a technological advance in apple production occurs at the same time
 
  A) the equilibrium price of apples rises and the equilibrium quantity of apples falls.
  B) the equilibrium price of apples rises and the equilibrium quantity of apples might rise or fall.
  C) the equilibrium quantity of apples rises and the equilibrium price of apples might rise or fall.
  D) the equilibrium price of apples rises and the equilibrium quantity of apples rises.

Question 2

In the United States there are some methods to save which reduce taxes on savings. These include
 
  A) stock purchases. B) commodity purchases.
  C) money market accounts. D) retirement plans like 401Ks and 403Bs.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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31809pancho

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


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