This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Other things being equal, the effects of an increase in the price of crackers on the market for soup ... (Read 24 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jun 30, 2018
Other things being equal, the effects of an increase in the price of crackers on the market for soup is represented by a(n):
 a. downward movement along the demand curve for soup.
  b. upward movement along the demand curve for soup.
  c. rightward shift in the demand curve for soup.
  d. leftward shift in the demand curve for soup.

Question 2

Assuming steak and potatoes are complements, other things being equal, an increase in the price of steak, will:
 a. increase the demand for potatoes. b. decrease the demand for potatoes.
  c. increase the demand for steak. d. decrease the demand for steak.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jun 30, 2018
Excellent

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Effects of a VWFA Lesion Effects of a VWFA Lesion
Fast food effects on body Fast food effects on body
Stone Massage: Beneficial Effects, Therapeutic Uses, and Contraindications Stone Massage: Beneficial Effects, Therapeutic Uses, and Contraindications
Hot soup (tang) Samgye tang Hot soup (tang) Samgye tang
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Epidural Hematoma

For a complete list of videos, visit our video library