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Author Question: Which of the following will not cause the demand curve for good X to shift? A) a change in the ... (Read 94 times)

haleyc112

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on: Jul 1, 2018
Which of the following will not cause the demand curve for good X to shift?
 
  A) a change in the price of X
  B) a change in the price of Y, a complement
  C) a change in the price of Z, a substitute
  D) an increase in average disposable real income

Question 2

A single-period duopoly firm can choose output level A or B. The firm decides it will produce level A regardless of what the other firm produces. This decision may occur because
 
  A) producing the output level A is a dominant strategy.
  B) this firm has simply decided to always produce at level A.
  C) Both A and B are possible.
  D) None of the above.


xiaomengxian

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

A

Answer to Question 2

C


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