If an increase in the price of good X causes the demand curve for product Y to shift to the right, then X and Y are most likely to be which of the following?
a. Shoes and laces
b. Tennis balls and tennis rackets
c. Turkey and chicken
d. Knives and forks
e. DVD players and DVDs
c
You might also like to view...
If an individual discounts delayed utils with a weight of 1/4, the present value of 90 utils to be received after a year is:
A) 17.25 utils. B) 22.5 utils. C) 90 utils. D) 460 utils.
The most progressive tax of the major taxes employed in the United States _____
a. are sales taxes b. are excise taxes c. are income taxes d. are property taxes
Redistribution programs typically are concerned with international income inequality
a. True b. False
Prices ration goods to
A) the people who most deserve it. B) the people with the lowest opportunity cost of time. C) the people willing and able to pay the highest price. D) the richest people.