Author Question: The relationship between a change in the price of a complementary good and demand for another ... (Read 85 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?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

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

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

For a complete list of videos, visit our video library