« previous next »

Author Question: A decrease in the price of a substitute shifts the demand curve to the _______ a. right b. left c. ... (Read 62 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
A decrease in the price of a substitute shifts the demand curve to the _______
 a. right
 b. left
 c. it does not change the demand curve
  d. none of the above

Question 2

Three possibilities have probabilities 0.5, 0.3 and 0.2 and values 10, 20, and 30 respectively. The expected value is:
 a. 15
  b. 16
  c. 17
  d. 18


tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Patient receiving ultrasound treatment to the left elbow. Patient receiving ultrasound treatment to the left elbow.
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
The exhaust drives the turbine wheel on the left, which is connected to the impeller wheel on the ... The exhaust drives the turbine wheel on the left, which is connected to the impeller wheel on the ...
The wide distribution of left hemisphere sites where cortical stimulation either blocked speech or ... The wide distribution of left hemisphere sites where cortical stimulation either blocked speech or ...
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
Video: Deglutition

For a complete list of videos, visit our video library