« previous next »

Author Question: A decrease in the price of a substitute shifts the demand curve to the _______ a. right b. left c. ... (Read 61 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?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Bell Curve Joke Bell Curve Joke
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Olowe Of Ise Veranda Posts (LEFT To RIGHT): Royal Wife With Twin Daughters Olowe Of Ise Veranda Posts (LEFT To RIGHT): Royal Wife With Twin Daughters
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library