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mbowdish mbowdish
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4 years ago

Question 1.

For each of the following pairs of products state which are complements, which are substitutes, and which are unrelated.

a.

Digital camera and memory stick

b.

7Up and Mountain Dew

c.

Swimsuits and flip-flops

d.

Tylenol and cat food

e.

Photocopier and paper


Question 2.

Use the following demand schedule for apples to draw a graph of the demand curve. Be sure to label the demand curve and each axis, and show each point on the demand curve.

Price (dollars per bushel)Quantity (thousands of bushels)
             30                20
             25                40
             20                60
             15                80
             10              100
Textbook 
InMicro

InMicro


Edition: 1st
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BtllllllBtllllll
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Helped a lot
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