a. the scale effect is greater than the sibstitution effect and teh two are gross compliments
b. the scale effect is less than the substitution effect and the two are gross complements
c. teh scale effect is greater than the sibstitution effect and the two are gross substitutes.
d. the scale effect is less than the sibstitution effect and the two are gross substitues
Recently Asked Questions
- Based upon the article, “The Limits to Evidence-Based Policy: Evidence, Emotion and Criminal Justice” by Freiberg and Carson, select one of the five
- How could the contract for the sale of goods protect a seller who wishes to sell goods to a buyer where there is a risk that the buyer might not be able to pay
- "The optimal purchasing rule is satisfied when a budget line is tangent to an indifference curve" explain with economic reasoning and an appropriate diagram.