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University
| Teaching Since: | Apr 2017 |
| Last Sign in: | 438 Weeks Ago, 1 Day Ago |
| Questions Answered: | 9562 |
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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
4. (Substitutes and Complements) For each of the following pair of goods, determine whether the goods are substi- tutes, complements, or unrelated:
a. Peanut butter and jelly
b. Private and public transportation
c. Coke and Pepsi
d. Alarm clocks and automobiles
e. Golf clubs and golf balls
5. (Equilibrium) “If a price is not an equilibrium price, there is a tendency for it to move to its equilibrium value. Re- gardless of whether the price is too high or too low to be- gin with, the adjustment process will increase the quantity of the good purchased.” Explain, using a demand and sup- ply diagram.
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