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Author Question: Refer to Figure 1-4. Which of the following statements is true? A) The slope of the tangent at E ... (Read 109 times)

Haya94

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on: Jun 29, 2018
Refer to Figure 1-4. Which of the following statements is true?
 
  A) The slope of the tangent at E and the slope of the tangent at F are negative.
  B) The slope of the tangent at E is positive and the slope of the tangent at F is negative.
  C) The slope of the tangent at E is negative and the slope of the tangent at F is positive.
  D) The slope of the tangent at E and the slope of the tangent at F are positive.

Question 2

Because chips and salsa are complements, an increase in the price of chips will cause the demand for salsa to decrease.
 
  This initial shift in demand for chips results in a higher price for chips; this higher price will cause the demand curve for chips to shift to the right. Which of the following correctly comments on this statement?
  A) The statement is false because one cannot assume that chips and salsa are complements for all consumers.
  B) The statement is false because a change in the price of chips would not change the demand for chips.
  C) The statement will be true if consumer tastes for chips and salsa do not change.
  D) The statement is false because salsa is an inferior good; chips are normal goods.
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ergserg

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Haya94

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Reply 2 on: Jun 29, 2018
Excellent

Dominic

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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