« previous next »

Author Question: The change in the price of one good has no effect on the quantity demanded of another good. These ... (Read 130 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
The change in the price of one good has no effect on the quantity demanded of another good. These goods are:
 
  A) complements.
  B) substitutes.
  C) both inferior.
  D) both Giffen goods.
  E) none of the above

Question 2

Which of the following would cause an unambiguous decrease in the real price of DVD players?
 
  A) A shift to the right in the supply curve for DVD players and a shift to the right in the demand curve for DVD players.
  B) A shift to the right in the supply curve for DVD players and a shift to the left in the demand curve for DVD players.
  C) A shift to the left in the supply curve for DVD players and a shift to the right in the demand curve for DVD players.
  D) A shift to the left in the supply curve for DVD players and a shift to the left in the demand curve for DVD players.


bitingbit

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

The Seasonality Effect The Seasonality Effect
Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor
Lake-effect snow: Cold air over warm water Lake-effect snow: Cold air over warm water
potatoes as a very good source of vitamin B6 potatoes as a very good source of vitamin B6
Price of Computers, 1982–2010 Price of Computers, 1982–2010
A buffer solution is prepared using 0.5 moles of a weakly basic drug and an unknown quantity of ... A buffer solution is prepared using 0.5 moles of a weakly basic drug and an unknown quantity of ...
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library