income and the price of smartphones have influence on the demand for tablet computers, the leftward shift in the demand curve of tablet computers is caused by a decrease in the price of tablet computers. 3. If fish and chicken are substitute goods, when the price of fish decreases with bountiful
TRUE or FALSE. If the statement is correct, write TRUE on your answer sheet. If the
statement is incorrect, write FALSE. Explain why you answered TRUE or FALSE.
1. To some extent economics is about trade-offs.
2. If there is evidence that consumer income and the
the
computers is caused by a decrease in the price of tablet computers.
3. If fish and chicken are substitute goods, when the price of fish decreases with bountiful
harvest, there will be a decrease in the quantity demand for chicken.
4. If organic virgin coconut oil (VCO) has been proven to enhance your immune system
against corona virus, the price VCO will increase because of a shift in supply and an
unchanging demand curve.
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