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Author Question: After the housing bubble burst, consumer confidence plummeted and housing sales dropped to all-time ... (Read 92 times)

Chelseaamend

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on: Jul 1, 2018
After the housing bubble burst, consumer confidence plummeted and housing sales dropped to all-time lows. This caused the demand curve for normal goods to shift
 a. inwards
 b. outwards
 c. stay constant
 d. none of the above

Question 2

Three possibilities are equally likely and have payoffs of 3, 6, and 9 . The expected value is:
 a. 4
  b. 5
  c. 6
  d. 7


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Rilsmarie951

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


Chelseaamend

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  • Posts: 545
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ASDFGJLO

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  • Posts: 335
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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