« previous next »

Author Question: A decrease in the price of a substitute shifts the demand curve to the _______ a. right b. left c. ... (Read 14 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
A decrease in the price of a substitute shifts the demand curve to the _______
 a. right
 b. left
 c. it does not change the demand curve
  d. none of the above

Question 2

Three possibilities have probabilities 0.5, 0.3 and 0.2 and values 10, 20, and 30 respectively. The expected value is:
 a. 15
  b. 16
  c. 17
  d. 18


tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Comparative illustration of a leopard (left) and cheetah (right) Comparative illustration of a leopard (left) and cheetah (right)
Oxygen dissociation curve Oxygen dissociation curve
Bell Curve Joke Bell Curve Joke
Notice the small motor gear on the left drives a larger plastic gear (black), which then drives ... Notice the small motor gear on the left drives a larger plastic gear (black), which then drives ...
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Typical leaf structure of eudicots (left) and monocots (right). Typical leaf structure of eudicots (left) and monocots (right).
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library