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Author Question: If the price of x falls, the budget constraint: a. shifts outward in a parallel fashion. b. shifts ... (Read 150 times)

lilldybug07

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on: Jul 1, 2018
If the price of x falls, the budget constraint:
 a. shifts outward in a parallel fashion.
  b. shifts inward in a parallel fashion.
  c. rotates outward about the x-intercept.
  d. rotates outward about the y-intercept.

Question 2

The fraudulent delivery of low quality experience goods at high prices is more likely if
 a. interest rates decline
  b. information about notorious firms is speedily disseminated
  c. price premiums for allegedly high quality increase
  d. sellers invest in non-transferable reputation
  e. none of the above


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ryansturges

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

e


lilldybug07

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Reply #2 on: Jul 1, 2018
Correct answers!


ryansturges

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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