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Author Question: Assuming that coffee and tea are substitutes, a decrease in the price of coffee will result in a. A ... (Read 118 times)

Jramos095

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on: Jun 30, 2018
Assuming that coffee and tea are substitutes, a decrease in the price of coffee will result in
 a. A leftward shift in the demand for tea.
 b. A downward movement along the demand curve for tea.
  c. A rightward shift in the demand for tea.
 d. An upward movement along the demand curve for tea.

Question 2

A change in aggregate expenditures for reasons other than the price level will shift the aggregate demand curve.
 a. True
  b. False
  Indicate whether the statement is true or false


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AaaA

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

a

Answer to Question 2

True


Jramos095

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Animal_Goddess

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

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