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

Author Question: If butter is a substitute for margarine, then an increase in the price of butter would be most ... (Read 120 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
If butter is a substitute for margarine, then an increase in the price of butter would be most likely to cause:
 a. a rightward shift of demand for margarine.
  b. a leftward shift of demand for margarine.
  c. the quantity demanded for margarine to increase.
  d. the quantity demanded for margarine to decline.
  e. a decline in the price of margarine.

Question 2

Two goods are considered substitutes only if a(n):
 a. decrease in the demand for one leads to a decrease in the supply of the other.
  b. increase in the demand for one leads to a decrease in the supply of the other.
  c. increase in the price of one leads to an increase in the demand for the other.
  d. decrease in the price of one leads to an increase in the demand for the other.
  e. decrease in the supply of one leads producers to switch to production of the other.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pangili4

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

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?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

To increase pressure using body weight, lean on your client. To increase pressure using body weight, lean on your client.
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
What if the equation for the parabola is a trinomial? How would you substitute the y-points ... What if the equation for the parabola is a trinomial? How would you substitute the y-points ...
Video: Bone elongation - processes at the epiphyseal plate

For a complete list of videos, visit our video library