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Author Question: Other things being equal, the effects of an increase in the price of crackers on the market for soup ... (Read 26 times)

Yolanda

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on: Jun 30, 2018
Other things being equal, the effects of an increase in the price of crackers on the market for soup is represented by a(n):
 a. downward movement along the demand curve for soup.
  b. upward movement along the demand curve for soup.
  c. rightward shift in the demand curve for soup.
  d. leftward shift in the demand curve for soup.

Question 2

Assuming steak and potatoes are complements, other things being equal, an increase in the price of steak, will:
 a. increase the demand for potatoes. b. decrease the demand for potatoes.
  c. increase the demand for steak. d. decrease the demand for steak.


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HandsomeMarc

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

d

Answer to Question 2

b


Yolanda

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

peter

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Reply 3 on: Yesterday
Excellent

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