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

Author Question: If a decrease in the price of good Y causes the demand for good Z to decrease, this indicates that: ... (Read 102 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jun 30, 2018
If a decrease in the price of good Y causes the demand for good Z to decrease, this indicates that:
 a. Y and Z are complements.
  b. Y and Z are substitutes.
  c. Y and Z are unrelated.
  d. Y is a normal good and Z is an inferior good.

Question 2

If the price of coffee decreases, the demand curve for tea (a substitute good) will:
 a. remain unchanged. b. shift to the right.
  c. shift to the left. d. do none of these


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fffftttt

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


penguins

  • Member
  • Posts: 903
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
The original Supply and Demand graph The original Supply and Demand graph
Video: Glycolysis - Introduction to ATP and the burning of sugar

For a complete list of videos, visit our video library