If a consumer purchases only two goods (X and Y ) and the demand for X is elastic, then a rise in the price of X
a. will cause total spending on good Y to rise.
b. will cause total spending on good Y to fall.
c. will cause total spending on good Y to remain unchanged.
d. will have an indeterminate effect on total spending on good Y.
a
Economics
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Indicate whether the statement is true or false
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Which combination of assets represents the most diversification?
A) holding corporate and Treasury bonds B) holding shares of Google and Yahoo C) holding shares of Google and Microsoft D) holding shares of Google along with Treasury bonds
Economics