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Author Question: In mid-2012 Delta increased the price of a New York to LA ticket by 10 percent. As a result of this ... (Read 152 times)

appyboo

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on: Jun 29, 2018
In mid-2012 Delta increased the price of a New York to LA ticket by 10 percent. As a result of this price hike, there was a ________ shift in the demand curve for a ticket on Continental because the price of a ________ had risen.
 
  A) rightward; complement
  B) leftward; substitute
  C) leftward; complement
  D) rightward; substitute

Question 2

The paradox of value between diamonds and water is explained by the fact that the
 
  A) total utility of diamonds exceeds the total utility of water.
  B) marginal utility of diamonds exceeds the marginal utility of water.
  C) total utility of diamonds exceeds the marginal utility of water.
  D) marginal utility of diamonds exceeds the total utility of water.


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xiazhe

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

D

Answer to Question 2

B


appyboo

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
Excellent

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