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Author Question: ____ is the act of buying a commodity in one market at a lower price and selling it in another ... (Read 34 times)

karen

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on: Jun 30, 2018
____ is the act of buying a commodity in one market at a lower price and selling it in another market at a higher price.
 a. Buying short.
  b. Discounting.
  c. Tariffing.
  d. Arbitrage.

Question 2

Assume the price of Nikes decreases. As a result, consumers increase the quantity of Nikes purchased each year and purchase fewer Reeboks. This is an example of the:
 a. substitution effect.
  b. income effect.
  c. utility effect.
  d. consumption effect.


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Briannahope

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

d

Answer to Question 2

a


karen

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

yeungji

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Reply 3 on: Yesterday
:D TYSM

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