« previous next »

Author Question: Two goods are substitutes when a decrease in the price of one good a. decreases the demand for the ... (Read 37 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
Two goods are substitutes when a decrease in the price of one good
 a. decreases the demand for the other good.
 b. decreases the quantity demanded of the other good.
  c. increases the demand for the other good.
 d. increases the quantity demanded of the other good.

Question 2

A decrease in the price level will:
 a. increase the quantity of RGDP supplied, but not increase short-run aggregate supply.
  b. decrease the quantity of RGDP supplied, but not decrease short-run aggregate supply.
  c. increase short-run aggregate supply.
 d. decrease short-run aggregate supply.


mariahkathleeen

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

good to eat good to eat
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
The original Supply and Demand graph The original Supply and Demand graph
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library