Author Question: Two goods are substitutes when A) an increase in the price of one reduces the demand for the ... (Read 79 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
Two goods are substitutes when
 
  A) an increase in the price of one reduces the demand for the other.
  B) an increase in the price of one raises the demand for the other.
  C) the two goods are used together.
  D) the two goods have the same price.

Question 2

In graphical form, the presence of an external benefit that is ignored by consumers can be shown as
 
  A) a market demand curve to the left of the market demand curve for which the consumers take the external benefit into account.
  B) a market demand curve to the right of the market demand curve for which the consumers take the external benefit into account.
  C) a market demand curve the same as the market demand curve for which the consumers take the external benefit into account.
  D) the absence of a market demand curve.


flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
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?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library