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Author Question: The available credit limit we have in a credit card reflects the amount of money we hold in our ... (Read 114 times)

Arii_bell

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on: Jun 30, 2018
The available credit limit we have in a credit card reflects the amount of money we hold in our savings account.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the price of peanut butter decreases substantially (ceteris paribus), the equilibrium quantity of jelly, a complement, is likely to:
 a. increase, and the equilibrium price of jelly is likely to decrease.
  b. increase, and the equilibrium price of jelly is likely to increase.
  c. decrease, and the equilibrium price of jelly is likely to decrease.
  d. decrease, and the equilibrium price is of jelly likely to increase.


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dlook33

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


Arii_bell

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Reply #2 on: Jun 30, 2018
Thank you :)


dlook33

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Reply #3 on: Jun 30, 2018
Happy to help you


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