Multiple Choice
Use the table below to answer the following questions.
Table 3.1.1
-Refer to Table 3.1.1. Between 2012 and 2013, the price of coffee relative to the price of tea ________ while the price of coffee relative to the price of cola ________.
A) rose; rose
B) rose; fell
C) fell; rose
D) fell; fell
E) fell; stayed constant
Correct Answer:
Verified
Correct Answer:
Verified
Q21: If A and B are substitutes and
Q82: Which of the following decreases the supply
Q97: Good A is a normal good if<br>A)a
Q122: If A and B are complements in
Q124: How many sides does a market have?<br>A)one
Q158: The demand and supply model determines<br>A)relative prices.<br>B)money
Q159: The demand curve is P = 800
Q167: The demand curve is P = 700
Q168: If the number of suppliers of good
Q182: If A is an inferior good and