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Author Question: The price of peanut butter falls and as a result the demand for jelly increases. We can conclude ... (Read 156 times)

Engineer

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on: Jun 30, 2018
The price of peanut butter falls and as a result the demand for jelly increases. We can conclude that:
 a. peanut butter and jelly are substitutes.
 b. peanut butter and jelly are complements.
 c. peanut butter and jelly are inferior goods.
 d. the marginal value of jelly is greater than the marginal value of peanut butter.

Question 2

Which of the following is not an autonomous determinant of consumption expenditures?
 a. real wealth
 b. the interest rate
 c. tastes and preferences
 d. current disposable income


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zoeyesther

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

b

Answer to Question 2

d


Engineer

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

patma1981

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

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