This topic contains a solution. Click here to go to the answer
« previous next »

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 199 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xiazhe

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


appyboo

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Excellent

debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years
Prevalence of Diabetes in the United States, 2010–2012, Age 20 and Older, Based on Race and ... Prevalence of Diabetes in the United States, 2010–2012, Age 20 and Older, Based on Race and ...
a) Type IV hypersensitivity reaction, contact dermatitis as the result of reaction to the nickel in ... a) Type IV hypersensitivity reaction, contact dermatitis as the result of reaction to the nickel in ...
How to get the derivative of x/(2-sqrt(x)) using delta method How to get the derivative of x/(2-sqrt(x)) using delta method
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library