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 .
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Expert's answer
2015-07-14T00:00:42-0400
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 .

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