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Author Question: An increase in income causes the demand of normal goods to _________ and the price of normal goods ... (Read 97 times)

rlane42

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  • Posts: 594
on: Jul 1, 2018
An increase in income causes the demand of normal goods to _________ and the price of normal goods to
 a. Increase; increase
 b. Increase; decrease
  c. Decrease; increase
  d. Decrease, decrease

Question 2

At a fair carnival roulette wheel, a player can either win 10, 30, or 80 . Assuming that the wheel is fair, what is the expected value of the play?
 a. 20
  b. 40
  c. 60
  d. 80


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rachel

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

a

Answer to Question 2

b


rlane42

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  • Posts: 594
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

apple

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  • Posts: 352
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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