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Author Question: In building a model to analyze economic situations, one of the important assumptions is A) ... (Read 60 times)

jerry coleman

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on: Jun 29, 2018
In building a model to analyze economic situations, one of the important assumptions is
 
  A) ceteris paribus.
  B) scarcity.
  C) conversion abstraction.
  D) cognitive dissonance.

Question 2

Mary increases her consumption of Good X after the price of Good Y decreased. For Mary
 
  A) Good X and Good Y are substitutes.
  B) Good X and Good Y are complements.
  C) Good X is an inferior good.
  D) Good Y is an inferior good.


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sierrahalpin

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


jerry coleman

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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