Cupcakes and granola bars are substitutes in consumption. The price of a granola bar increases so the demand for
A) granola bars will increase, that is, the demand curve will shift rightward.
B) cupcakes will increase, that is, the demand curve will shift rightward.
C) granola bars will decrease, that is, the demand curve will shift leftward.
D) cupcakes will decrease, that is, the demand curve will shift leftward.
B
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Under the Graduation Act (1854), land prices for the public domain
a. were subject to a schedule that reflected reduced prices for land that remained unsettled over time. b. were subject to a schedule that reflected reduced prices for native-born Americans and higher prices for immigrants. c. were increased to $1.25 per acre in cash. d. were increased to reflect inflation.
Consistency of FGLS requires:
A. ?utto be uncorrelated with xt-1, xt, and xt+1. B. ?utto be uncorrelated with xt and xt+1. C. ?utto be correlated with xt and xt+1. D. ?utto be correlated with xt-1, xt, and xt+1.