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Author Question: Assuming that chicken and beef are substitutes, a decrease in the price of beef, other things being ... (Read 81 times)

Arii_bell

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on: Jun 30, 2018
Assuming that chicken and beef are substitutes, a decrease in the price of beef, other things being equal, will:
 a. decrease the demand for beef. b. increase the demand for chicken.
  c. decrease the demand for chicken. d. increase the demand for beef.

Question 2

Assuming that professional and college football are substitutes, an increase in the ticket price for professional football, other things being equal, will:
 a. increase the demand for college football tickets.
  b. decrease the demand for college football tickets.
  c. not change the demand for college football tickets.
  d. decrease the demand for professional football games.


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Brummell1998

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

c

Answer to Question 2

a


Arii_bell

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  • Posts: 596
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ghepp

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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