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Author Question: The relationship between a change in the price of a complementary good and demand for another ... (Read 55 times)

luminitza

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on: Jun 29, 2018
The relationship between a change in the price of a complementary good and demand for another complementary good is
 
  A) positive.
  B) negative.
  C) inconclusive.
  D) zero.

Question 2

According to the bounded rationality hypothesis, an individual confronting a large number of complicated choices is most likely to respond by
 
  A) using a simple rule of thumb to choose among a subset of easiest-to-evaluate options.
  B) using the ceteris paribus assumption to assist in simplifying and examining each of the possible options.
  C) utilizing readily available empirical evidence to assist in evaluating every option.
  D) assessing every available choice by developing sophisticated theories regarding each option.


14vl19

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

B

Answer to Question 2

A


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luminitza

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Reply #2 on: Jun 29, 2018
Thank you :)


14vl19

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Reply #3 on: Jun 29, 2018
Happy to help you


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