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Author Question: An increase in demand could arise from which of the following factors a. an increase in income b. a ... (Read 93 times)

jrubin

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on: Jul 1, 2018
An increase in demand could arise from which of the following factors
 a. an increase in income
 b. a decrease in the price of a substitute
 c. an increase in the price of a complement
  d. all of the above

Question 2

Four possibilities have probabilities 0.4, 0.2, 0.2 and 0.2 and values 10, 20, 30, and 40 respectively. The expected value is:
 a. 22
  b. 24
  c. 26
  d. 28


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shailee

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

a

Answer to Question 2

a


jrubin

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Reply 2 on: Jul 1, 2018
Wow, this really help

upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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