If cable TV service and satellite TV service are substitutes,

What will be an ideal response?

a decrease in the price of cable will decrease the demand for satellite TV.

Economics

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Bobby's neighbor is growing a tree that is blocking Bobby's ocean view. Bobby is considering taking his neighbor to court. This is most likely an example of a:

a. considerate neighbor. b. public good. c. free rider. d. positive externality. e. negative externality.

Economics

Rent subsidies and wage subsidies are better than price controls at helping the poor because they have no costs associated with them

a. True b. False Indicate whether the statement is true or false

Economics