« previous next »

Author Question: If the price of vanilla ice cream decreases, it is likely that a. demand for vanilla ice cream will ... (Read 72 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
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

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Mango with whipped cream Mango with whipped cream
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?
Geymar with Kahi (Iraqi clotted cream) Geymar with Kahi (Iraqi clotted cream)
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Gas exchange - partial pressure, locations, external and internal respiration

For a complete list of videos, visit our video library