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Author Question: An increase in demand could arise from which of the following factors a. an increase in income b. a ... (Read 78 times)

jrubin

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An increase in demand could arise from which of the following factors
 a. an increase in income
 b. a decrease in the price of a substitute
 c. an increase in the price of a complement
  d. all of the above

Question 2

Four possibilities have probabilities 0.4, 0.2, 0.2 and 0.2 and values 10, 20, 30, and 40 respectively. The expected value is:
 a. 22
  b. 24
  c. 26
  d. 28



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shailee

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Answer to Question 1

a

Answer to Question 2

a




jrubin

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Reply 2 on: Jul 1, 2018
:D TYSM


Chelseyj.hasty

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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