63 152
Assignments Done
99,1%
Successfully Done
In July 2018

Answer to Question #53246 in Microeconomics for EMMA

Question #53246
35 Assume a college student purchases only Soft Drinks and Burgers. The substitution effect of an increase in the price of burgers will result in:

A A decrease in the consumption of burgers and an decrease in the consumption of soft drinks.
B A decrease in the consumption of burgers and an increase in the consumption of soft drinks.
C A decrease in the consumption of burgers and no change in the consumption of soft drinks.
D A decrease in the consumption of soft drinks only.


36 Assume that a college student purchases only Red Bull and Mars bars The substitution effect associated with a decrease in the price of a Mars will result in:

A an increase in the consumption of Mars and an increase in the consumption of Red Bull.
B an increase in the consumption of Mars and a decrease in the consumption of Red Bull .
C only a decrease in the consumption of Red Bull .
D only an increase in the consumption of Mars .
Expert's answer
35:
B A decrease in the consumption of burgers and an increase in the consumption of soft drinks.

36:
B an increase in the consumption of Mars and a decrease in the consumption of Red Bull .

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions