An economist has conducted extensive research and has found that Jones Cola is a substitute for Tucker Cola. Ceteris paribus, the price of Jones Cola increases. The impact on the demand curve for Tucker Cola is a(n):

a. increase in demand. b. decrease in demand.
c. increase in quantity demanded. d. decrease in quantity demanded.

a

Economics

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What happens to the likelihood of a volunteer being found as the group of potential volunteers grows if the diffusion effect is greater than the size effect?

What will be an ideal response?

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Suppose your neighbor has a beautiful garden. The benefit that she enjoys from her garden is called ________ and the benefit the rest of the neighborhood enjoys is called ________

A) marginal private benefit; marginal external benefit B) private cost; external cost C) marginal social benefit; marginal external benefit D) marginal external benefit; marginal social benefit

Economics