This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Substitute goods are goods that are: a. jointly consumed. b. competing for consumer spending. c. ... (Read 84 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jun 30, 2018
Substitute goods are goods that are:
 a. jointly consumed.
  b. competing for consumer spending.
  c. used late in the game.
  d. inferior.
  e. normal.

Question 2

Assume that Coca-Cola and Pepsi-Cola are substitutes. A rise in the price of Coca-Cola will have which of the following effects on the market for Pepsi?
 a. A movement down along the Pepsi demand curve.
  b. A rightward shift in the Pepsi demand curve.
  c. A movement up along the Pepsi demand curve.
  d. A leftward shift in the Pepsi demand curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


dollx

  • Member
  • Posts: 558
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Primates exhibit prolonged life histories, spending more time in each stage of life than most other Primates exhibit prolonged life histories, spending more time in each stage of life than most other
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling
Percent of Selected Foods and Beverages Consumed in the United States Percent of Selected Foods and Beverages Consumed in the United States
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Acid-base imbalances - metabolic acidosis and alkalosis

For a complete list of videos, visit our video library