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

Author Question: An increase in the price of butter, a substitute good, would be most likely to cause a. a rightward ... (Read 30 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jul 1, 2018
An increase in the price of butter, a substitute good, would be most likely to cause
 a. a rightward shift of the demand curve for margarine
  b. a leftward shift of the demand curve for margarine
  c. the quantity of margarine demanded to increase
  d. the quantity of margarine demanded to decrease
  e. a decrease in the price of margarine

Question 2

Which of the following will cause the demand curve for a normal good to shift to the right?
 a. a decrease in income
  b. an increase in the price of a complementary good
  c. a decrease in the price of the good
  d. an increase in the price of a substitute good
  e. an expectation of a future price decline


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan). Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan).
The Increase in Divorce The Increase in Divorce
Peanut Butter Breakfast Peanut Butter Breakfast
Price of Computers, 1982–2010 Price of Computers, 1982–2010
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library