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Author Question: There is news that the price of Tucker's Root Beer will increase significantly next week. If the ... (Read 57 times)

nelaaney

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There is news that the price of Tucker's Root Beer will increase significantly next week. If the demand for Tucker's Root Beer reacts only to this factor and shifts to the right, the position of this demand curve has reacted to a change in:
 a. tastes.
  b. income levels.
  c. the price of other goods.
  d. the number of buyers.
  e. expectations.

Question 2

Complementary goods are goods:
 a. that are consumed jointly.
  b. that are consumed one in place of the other.
  c. for which demand increases when the price of its complementary goods increases.
  d. for which demand decreases when the price of its complementary goods decreases.
  e. that are inversely related.



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asdfghjkl;

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Answer to Question 1

e

Answer to Question 2

a




nelaaney

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


steff9894

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

 

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