Author Question: A recent article suggests that the introduction of the new iPhone 6 increased the demand for iPhone ... (Read 254 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
A recent article suggests that the introduction of the new iPhone 6 increased the demand for iPhone protective cases. The article suggests that these two goods are
 
  A) substitutes and their indifference curves are close to being straight lines.
  B) complements and their indifference curves are close to being straight lines.
  C) substitutes and their indifference curves are close to being L shaped.
  D) complements and their indifference curves are close to being L shaped.

Question 2

The water and diamonds paradox of value results from
 
  A) the concept of deadweight loss.
  B) the law of demand.
  C) diminishing marginal utility.
  D) the elasticity of demand.



Koolkid240

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

For a complete list of videos, visit our video library