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Author Question: When income increases, the demand curve for X shifts rightward and the demand curve for Y shifts ... (Read 271 times)

jjjetplane

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on: Jun 29, 2018
When income increases, the demand curve for X shifts rightward and the demand curve for Y shifts leftward. These shifts mean that
 
  A) X and Y are complements.
  B) X and Y both normal goods.
  C) X is an inferior good and Y is a normal good.
  D) X is a normal good and Y is an inferior good.

Question 2

________ refers to an action that an individual with private information takes in order to convince others about his information.
 
  A) Sniping
  B) Signaling
  C) Hedging
  D) Speculating


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milbourne11

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

D

Answer to Question 2

B


jjjetplane

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Dnite

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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