« previous next »

Author Question: The change in the price of one good has no effect on the quantity demanded of another good. These ... (Read 87 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
The change in the price of one good has no effect on the quantity demanded of another good. These goods are:
 
  A) complements.
  B) substitutes.
  C) both inferior.
  D) both Giffen goods.
  E) none of the above

Question 2

Which of the following would cause an unambiguous decrease in the real price of DVD players?
 
  A) A shift to the right in the supply curve for DVD players and a shift to the right in the demand curve for DVD players.
  B) A shift to the right in the supply curve for DVD players and a shift to the left in the demand curve for DVD players.
  C) A shift to the left in the supply curve for DVD players and a shift to the right in the demand curve for DVD players.
  D) A shift to the left in the supply curve for DVD players and a shift to the left in the demand curve for DVD players.


bitingbit

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1
Alzheimer’s medications work by intensifying the effect of acetylcholine at the receptor. Alzheimer’s medications work by intensifying the effect of acetylcholine at the receptor.
Natural Causes of Climate Change Natural Causes of Climate Change
Binding change model for ATP synthase Binding change model for ATP synthase
Chilling Effect of a Cold Current Chilling Effect of a Cold Current
The First-Pass Effect The First-Pass Effect
Video: Secretin (inhibiting gastric acid secretion), Cholecystokinin (fat digestion) & Cholecystokinin

For a complete list of videos, visit our video library