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

Author Question: Substitute goods are goods that are: a. jointly consumed. b. competing for consumer spending. c. ... (Read 172 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jun 30, 2018
Substitute goods are goods that are:
 a. jointly consumed.
  b. competing for consumer spending.
  c. used late in the game.
  d. inferior.
  e. normal.

Question 2

Assume that Coca-Cola and Pepsi-Cola are substitutes. A rise in the price of Coca-Cola will have which of the following effects on the market for Pepsi?
 a. A movement down along the Pepsi demand curve.
  b. A rightward shift in the Pepsi demand curve.
  c. A movement up along the Pepsi demand curve.
  d. A leftward shift in the Pepsi demand curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


dollx

  • Member
  • Posts: 558
Reply 2 on: Jun 30, 2018
Excellent

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
From Farm to Consumer From Farm to Consumer
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
What if the equation for the parabola is a trinomial? How would you substitute the y-points ... What if the equation for the parabola is a trinomial? How would you substitute the y-points ...
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library