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Author Question: A decrease in the price of a substitute shifts the demand curve to the _______ a. right b. left c. ... (Read 50 times)

EY67

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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

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

b

Answer to Question 2

c


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