3.7 Tackle the test.pdf - Jack Barry Module 5 Multiple...

This preview shows page 1 - 2 out of 6 pages.

Jack Barry Module 5: Multiple choice 1. E. Change in income allows a certain product not necessarily desirable at an earlier stage due to cost to become more desirable. 2. A. Butter and margarine are complementary products. If the price of butter for instance is decreased, the desire for butter suddenly becomes more desirable. 3. C. If an increase in income leads to a decrease in demand, the product is inferior because it implies that the product was only desirable before an increase in income. 4. D. Demand will decrease today because the fall of a price of a product in the coming months implies that the product may be inferior to others. 5. A. An increase in the amount of babies would allow for the demand in diapers to increase. Free Response: If a report saying that apples do lead to health benefits in the future, demand for apples will go up. Considering the fact that this demand will go up, the price will increase steadily with the demand.
Image of page 1

Subscribe to view the full document.

Image of page 2

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern