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

Author Question: Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists ... (Read 244 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists would expect:
 a. Andy's demand for pizza to increase.
 b. Andy's demand for pizza to decrease.
 c. Andy's quantity of pizza demanded to decrease.
  d. Andy's demand for beer to increase.

Question 2

Both positive nor negative supply shocks
 a. Change AD.
 b. Permanently change real output in an economy.
  c. Change the price level in the long run.
 d. None of the above are true


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Gracias!

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

These top and side views reveal the R groups extending out from the β sheet and emphasize These top and side views reveal the R groups extending out from the β sheet and emphasize
Views of Alligator and Human Views of Alligator and Human
Various views of the main body cavities. Various views of the main body cavities.
Endangerment sites-anterior and posterior views. Endangerment sites-anterior and posterior views.
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Two Views of Mercury Two Views of Mercury
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library