According to a recent study, "Stricter college alcohol policies, such as raising the price of alcohol, or banning alcohol on campus, decrease the number of students who use marijuana"
On the basis of this information, how would you describe alcohol and marijuana?
A) The two goods are substitutes in consumption.
B) The two goods are complements in consumption.
C) They are both luxury goods.
D) There is no relationship between the two goods.
B
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The largest rent subsidy program provides what is called ______
a. Section 6 housing. b. Section 8 housing. c. public housing d. AFCD housing
If a market is initially operating competitively and then the government imposes a price floor above the equilibrium price,
a. there will be more resources will be devoted to the production of this product b. quantity demanded will rise c. producer surplus will fall in the short run d. imposition of the floor is probably a positive-sum game e. consumer surplus will fall
Fixed costs are best defined as: a. costs that do not vary with output
b. costs that vary with output. c. the sum of all marginal costs. d. the change in total cost when one more unit of output is produced.
Why is plowback the overwhelming favorite among choices of sources of funds for financing corporate investment?