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Author Question: If the price of vanilla ice cream decreases, it is likely that a. demand for vanilla ice cream will ... (Read 218 times)

vinney12

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on: Jul 1, 2018
If the price of vanilla ice cream decreases, it is likely that
 a. demand for vanilla ice cream will increase
  b. demand for vanilla ice cream will decrease
  c. demand for chocolate ice cream will increase
  d. demand for chocolate ice cream will decrease
  e. the quantity demanded of vanilla ice cream will decrease

Question 2

Two goods are considered substitutes only if a(n)
 a. decrease in the demand for one leads to a decrease in the supply of the other
  b. increase in the demand for one leads to a decrease in the supply of the other
  c. increase in the price of one leads to an increase in the demand for the other
  d. decrease in the price of one leads to an increase in the demand for the other
  e. decrease in the supply of one leads producers to switch to production of the other


asdfasdf

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


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