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Author Question: Assuming that hamburgers and hot dogs are substitutes, an increase in the price of hamburgers, other ... (Read 152 times)

Zulu123

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on: Jun 30, 2018
Assuming that hamburgers and hot dogs are substitutes, an increase in the price of hamburgers, other things being equal, results in a:
 a. rightward shift in the demand curve for hot dogs.
  b. leftward shift in the demand curve for hamburgers.
  c. rightward shift in the demand curve for hamburgers.
  d. leftward shift in the demand curve for hot dogs.

Question 2

Assuming that Pepsi-Cola and Coca-Cola are substitutes, a rise in the price of Pepsi-Cola, other things being equal, results in a(n):
 a. upward movement along the demand curve for Coca-Cola.
  b. downward movement along the demand curve for Coca-Cola.
  c. leftward shift in the demand curve for Coca-Cola.
  d. rightward shift in the demand curve for Coca-Cola.


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vkodali

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Zulu123

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ricroger

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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