« previous next »

Author Question: An economist has conducted extensive research and has found that Jones Cola is a substitute for ... (Read 88 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
An economist has conducted extensive research and has found that Jones Cola is a substitute for Tucker Cola. Ceteris paribus, the price of Jones Cola increases. The impact on the demand curve for Tucker Cola is a(n):
 a. increase in demand. b. decrease in demand.
  c. increase in quantity demanded. d. decrease in quantity demanded.

Question 2

Assuming that beef and chicken are substitutes, an increase in the price of beef, other things being equal, will:
 a. increase the demand for chicken. b. decrease the demand for chicken.
  c. not change the demand for chicken. d. decrease the demand for beef.


reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

The skull of a wild boar found at Lan Lo Au, Hoi Ha Wan Marine Park, Hong Kong The skull of a wild boar found at Lan Lo Au, Hoi Ha Wan Marine Park, Hong Kong
The Blue-bearded Bee-eater Nyctyornis athertoni is a large species of bee-eater found in South Asia. The Blue-bearded Bee-eater Nyctyornis athertoni is a large species of bee-eater found in South Asia.
Stem Cell Research Could Expand Clinical Use of Regenerative Human Cells Stem Cell Research Could Expand Clinical Use of Regenerative Human Cells
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
The hemes found in cytochromes The hemes found in cytochromes
Recent research suggests that zinc lozenges and nasal gels may help reduce the severity Recent research suggests that zinc lozenges and nasal gels may help reduce the severity
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library