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

Author Question: Suppose A and B are substitute goods. Other things being equal, the demand curve for A will shift to ... (Read 48 times)

cnetterville

  • Hero Member
  • *****
  • Posts: 547
on: Jun 30, 2018
Suppose A and B are substitute goods. Other things being equal, the demand curve for A will shift to the right when the price of B goes down.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If X and Y are substitutes, the demand curve for X will shift to the right when the price of Y decreases.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


cnetterville

  • Member
  • Posts: 547
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Tai chi walk along straight line. From tai chi stance, shift weight to the back leg and turn the ... Tai chi walk along straight line. From tai chi stance, shift weight to the back leg and turn the ...
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
IQ scores form what mathematicians call a normal distribution "bell curve" IQ scores form what mathematicians call a normal distribution "bell curve"
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Video: Pores and Ion Channels

For a complete list of videos, visit our video library