This topic contains a solution. Click here to go to the answer

Author Question: An increase in the price of a substitute shifts the demand curve to the _______ a. right b. left c. ... (Read 7 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
An increase 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

Five possibilities are equally likely and have payoffs of 2, 4, 6, 8, and 10 . The expected value is:
 a. 4
  b. 5
  c. 6
  d. 7



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janieazgirl

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

a

Answer to Question 2

c




leo leo

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

For a complete list of videos, visit our video library