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

Author Question: Suppose that X and Y are substitute goods. If the price of good X increases, we can expect: a. the ... (Read 108 times)

JGIBBSON

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
Suppose that X and Y are substitute goods. If the price of good X increases, we can expect:
 a. the demand for good X to shift to the left.
  b. an upward movement along the demand curve for good Y.
  c. the demand curve for good Y to shift to the right.
  d. a downward movement along the demand curve for good Y.
  e. the demand curve for good Y to shift to the left.

Question 2

Two goods that are substitutes are:
 a. bacon and eggs.
  b. camera and film.
  c. tennis racket and tennis balls.
  d. movie theater tickets and video rentals.
  e. coffee and cream.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


JGIBBSON

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 30, 2018
Thank you :)


kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The FDA recognizes 118 routes of administration.

Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Politics, Power and the Common Good: An Introduction to Political Science, 5/E Politics, Power and the Common Good: An Introduction to Political Science, 5/E
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library