« previous next »

Author Question: Assuming that beer is a normal good, what will happen to the demand for beer near college towns if ... (Read 124 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
Assuming that beer is a normal good, what will happen to the demand for beer near college towns if student income increased?
 a. Demand will fall because students love these beers
  b. Demand will fall
 c. Demand will rise
 d. Supply would rise

Question 2

Four possibilities have probabilities 0.4, 0.2, 0.2 and 0.2 and values 20, 20, 40, and 40 respectively. The expected value is:
 a. 22
  b. 24
  c. 26
  d. 28


mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi
With fewer men than women in college, is it time to consider affirmative action for men? With fewer men than women in college, is it time to consider affirmative action for men?
Cumulative Standard Normal Distribution Cumulative Standard Normal Distribution
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
(a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces (a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces
Video: Energy sources - types

For a complete list of videos, visit our video library