The substitution effect of a price change for product X is the change in consumption of X associated with a change in
A) the price of X, with the level of utility held constant.
B) the price of X, with the level of real income not considered.
C) the price of X, with the prices of other goods changing by the same percentage as that for product X.
D) income, with prices of other goods held constant.
Question 2
In which oligopoly model(s) do firms earn zero profit?
A) Cournot
B) Bertrand
C) Stackelberg
D) Oligopoly firms always earn positive economic profits.
Change in plasma metabolomics following glucose igestion
Radiative forcing expresses change in energy input over time
Historical Climate Change "تغير المناخ التاريخي"
Ice cores: Periods of rapid climate change especially in North Atlantic
Climate change
(left) Urine sample from an unaffected person does not change color upon exposure to air. (right) Ur