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Author Question: For many years short wave radios were a way of getting news from faraway places and in difficult ... (Read 21 times)

jjjetplane

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on: Jun 29, 2018
For many years short wave radios were a way of getting news from faraway places and in difficult conditions. But as new technologies have spread, the people listening to these devices has decreased.
 
  (Source: The Economist, July 7, 2012) As new technology creates substitutes for short-wave radios, the demand for short-wave radios ________ and the consumer surplus from short-wave radios ________. A) increases; increases
  B) decreases; decreases
  C) does not change; decreases
  D) decreases; does not change

Question 2

The price elasticity of demand ________ in value when moving downward along a ________ line demand curve.
 
  A) falls; straight
  B) rises; curved
  C) falls, curved
  D) rises; straight


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ecabral0

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

B

Answer to Question 2

A


jjjetplane

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Reply 2 on: Jun 29, 2018
:D TYSM

mcarey591

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Reply 3 on: Yesterday
Gracias!

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