Author Question: The relationship between a change in the price of a complementary good and demand for another ... (Read 57 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
The relationship between a change in the price of a complementary good and demand for another complementary good is
 
  A) positive.
  B) negative.
  C) inconclusive.
  D) zero.

Question 2

According to the bounded rationality hypothesis, an individual confronting a large number of complicated choices is most likely to respond by
 
  A) using a simple rule of thumb to choose among a subset of easiest-to-evaluate options.
  B) using the ceteris paribus assumption to assist in simplifying and examining each of the possible options.
  C) utilizing readily available empirical evidence to assist in evaluating every option.
  D) assessing every available choice by developing sophisticated theories regarding each option.



14vl19

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

For a complete list of videos, visit our video library