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Author Question: If two goods are substitutes, then A) an increase in the price of one causes the demand for the ... (Read 84 times)

lindiwe

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on: Jun 29, 2018
If two goods are substitutes, then
 
  A) an increase in the price of one causes the demand for the other to fall.
  B) there is an inverse relationship between changes in the price of one good and changes in the demand for the other.
  C) if the price of one good falls, the demand for the other good falls also.
  D) changes in the quantity demanded of one good will not affect the demand for the other.

Question 2

Who is considered officially unemployed?
 
  A) Six months after failing to get a job, Abba quit looking.
  B) Monica graduated from college last summer but is still unemployed despite her spirited search.
  C) Kariuki is a retired teacher.
  D) Chen is going to school full time.


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Koolkid240

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

C

Answer to Question 2

B


lindiwe

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

flexer1n1

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

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