Bob invests $25 in an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. From this information we can conclude that Bob is
A) risk loving.
B) risk neutral.
C) risk averse.
D) Any one of the three above.
D
Economics
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The cross elasticity of demand for product X with respect to the price of product Y is -1.2. It can be inferred that X and Y are:
A. Substitute products B. Complementary products C. Luxury products D. Unrelated products
Economics
The price elasticity of demand increases with the length of the period considered because
A. consumers' incomes will increase over time. B. the demand curve will shift outward as time passes. C. consumers will be better able to find substitutes. D. all prices will increase over time.
Economics