« previous next »

Author Question: Assuming that beer is a normal good, what will happen to the demand for beer near college towns if ... (Read 47 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
Assuming that beer is a normal good, what will happen to the demand for beer near college towns if student income increased?
 a. Demand will fall because students love these beers
  b. Demand will fall
 c. Demand will rise
 d. Supply would rise

Question 2

Four possibilities have probabilities 0.4, 0.2, 0.2 and 0.2 and values 20, 20, 40, and 40 respectively. The expected value is:
 a. 22
  b. 24
  c. 26
  d. 28


mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Changes in bronchioles during an asthma attack: (A) normal bronchiole and (B) in asthma attack. Changes in bronchioles during an asthma attack: (A) normal bronchiole and (B) in asthma attack.
Average Normal Blood Pressure Readings Average Normal Blood Pressure Readings
Changes in College Enrollment, By Sex Changes in College Enrollment, By Sex
Normal vs. Frank Breech Normal vs. Frank Breech
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
College Physics College Physics
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library