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Author Question: The change in the price of one good has no effect on the quantity demanded of another good. These ... (Read 125 times)

TFauchery

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on: Jul 1, 2018
The change in the price of one good has no effect on the quantity demanded of another good. These goods are:
 
  A) complements.
  B) substitutes.
  C) both inferior.
  D) both Giffen goods.
  E) none of the above

Question 2

Which of the following would cause an unambiguous decrease in the real price of DVD players?
 
  A) A shift to the right in the supply curve for DVD players and a shift to the right in the demand curve for DVD players.
  B) A shift to the right in the supply curve for DVD players and a shift to the left in the demand curve for DVD players.
  C) A shift to the left in the supply curve for DVD players and a shift to the right in the demand curve for DVD players.
  D) A shift to the left in the supply curve for DVD players and a shift to the left in the demand curve for DVD players.


bitingbit

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

E

Answer to Question 2

B


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