« previous next »

Author Question: An increase in the income of bus riders, accompanied by a simultaneous increase in the wages of the ... (Read 160 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jul 1, 2018
An increase in the income of bus riders, accompanied by a simultaneous increase in the wages of the bus drivers causes, the price for bus rides(an inferior good) _____________ and the quantity demanded for bus rides ____________.
 a. Decreases; decreases
  b. Increase; increases
 c. Uncertain, Decreases
  d. Uncertain, Increases

Question 2

You increase the advertising intensity for your product in market A but not in market B. Sales in A rise from 1140 to 1180 units per week while sales in B fall from 1270 to 1230 . The Difference-in-difference estimate of the effect of the increased advertising is:
 a. 0 units
 b. 80 units
 c. 100 units
  d. 120 units


juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Does Intelligence Increase with Brain Size? Does Intelligence Increase with Brain Size?
The Increase in Divorce The Increase in Divorce
A high-performance aftermarket air filter often can increase airflow into the engine for more ... A high-performance aftermarket air filter often can increase airflow into the engine for more ...
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library