A ptomaine poisoning scare causes a decrease in the demand for canned tuna fish. Everything else equal, the demand curve for aluminum cans will

a. become steeper.
b. become flatter.
c. fall.
d. rise.

c

Economics

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Draw a demand and supply curve for a competitive product, making sure to clearly label the axis. Give a brief explanation for why the resulting equilibrium is economically efficient

What will be an ideal response?

Economics

The mean and variance of a Bernoille random variable are given as

A) cannot be calculated B) np and np(1-p) C) p and D) p and (1- p)

Economics