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

Author Question: ____ is the act of buying a commodity in one market at a lower price and selling it in another ... (Read 33 times)

karen

  • Hero Member
  • *****
  • Posts: 537
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


karen

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
Wow, this really help

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Sunda Clouded Leopard in lower Kinabatangan River, eastern Sabah, Malaysia Sunda Clouded Leopard in lower Kinabatangan River, eastern Sabah, Malaysia
Muscles of the right lower extremity Muscles of the right lower extremity
Instilling an eye ointment into the lower conjunctival sac Instilling an eye ointment into the lower conjunctival sac
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
Women who are 65 and older have a lower median income from all sources than men in the same age ... Women who are 65 and older have a lower median income from all sources than men in the same age ...
Video: Bipolar Disorder

For a complete list of videos, visit our video library