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Author Question: All other factors being constant, a reduction in price tends to cause which of the following? A) ... (Read 30 times)

jazziefee

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on: Jun 29, 2018
All other factors being constant, a reduction in price tends to cause which of the following?
 
  A) an increase in supply and an increase in demand
  B) a reduction in supply and an increase in demand
  C) an increase in quantity supplied and a reduction in quantity demanded
  D) a reduction in quantity supplied and an increase in quantity demanded

Question 2

A characteristic of a good model is that
 
  A) its predictions can be tested using real-world data.
  B) it is useful for making irrefutable predictions.
  C) it applies to all situations.
  D) it predicts perfectly.


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coyin

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

D

Answer to Question 2

A


jazziefee

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ricroger

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

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