This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If goods X and Y are substitutes and the price of X falls, all other things being equal, the demand ... (Read 59 times)

Facerro

  • Full Member
  • ***
  • Posts: 139
on: Oct 12, 2022

Question 1

If the price of tea falls and as a consequence the demand for sugar rises, then tea and sugar are
◦ luxury goods.
◦ substitute goods.
◦ complementary goods.
◦ independent goods.
◦ neutral goods.

Question 2

If goods X and Y are substitutes and the price of X falls, all other things being equal, the demand curve for Y will
◦ shift to the right.
◦ shift to the left.
◦ be indeterminate.
◦ not shift at all.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Facerro on Oct 12, 2022

kalimarie

  • Full Member
  • ***
  • Posts: 150
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


Facerro

  • Member
  • Posts: 139
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Drug A is more potent than Drugs B and C. Drugs A and C have equal efficacy because both drugs have ... Drug A is more potent than Drugs B and C. Drugs A and C have equal efficacy because both drugs have ...
Frequency diagrams of skin colors. (a) Skin color distribution in the parents falls into two discont Frequency diagrams of skin colors. (a) Skin color distribution in the parents falls into two discont
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Living things vs non living things Living things vs non living things
Video: What is an ecosystem?

For a complete list of videos, visit our video library