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

Author Question: The price of peanut butter falls and as a result the demand for jelly increases. We can conclude ... (Read 131 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
The price of peanut butter falls and as a result the demand for jelly increases. We can conclude that:
 a. peanut butter and jelly are substitutes.
 b. peanut butter and jelly are complements.
 c. peanut butter and jelly are inferior goods.
 d. the marginal value of jelly is greater than the marginal value of peanut butter.

Question 2

Which of the following is not an autonomous determinant of consumption expenditures?
 a. real wealth
 b. the interest rate
 c. tastes and preferences
 d. current disposable income


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zoeyesther

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
SDS PAGE Result SDS PAGE Result
Peanut allergy Peanut allergy
Pulmonary Congestion, which May Result from Congestive Heart Failure Pulmonary Congestion, which May Result from Congestive Heart Failure
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library