Or this one?
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puddlepirate44 Cream of the Crop  29,316 posts Likes: 1 Joined Aug 2006 Location: currently, in my chair. More info | Or this one?
I tend to ramble. Feel free to put me on ignore.
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wakko not a real Aussie  8,196 posts Joined May 2006 Location: Brisbane, Australia More info | Sep 12, 2007 18:13 | #12497 puddlepirate44 wrote in post #3917199  Will this work?
yes!! Feng
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wakko not a real Aussie 8,196 posts Joined May 2006 Location: Brisbane, Australia More info | Sep 12, 2007 18:14 | #12498 puddlepirate44 wrote in post #3917205 Or this one?
oOoer Feng
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timbernet send a search party to Mount Hood 19,157 posts Likes: 1 Joined Dec 2005 More info | Sep 12, 2007 19:06 | #12499 Well since it is quiet in here... 22. For consumers, pizza and hamburgers are substitutes. A rise in the price of a pizza causes ____ in the price of a hamburger and ____ in the quantity of hamburgers. A) a rise; an increase B) a rise; a decrease C) a fall; an increase D) a fall; a decrease I am leaning towards "C" --- I love the economics class due to the subject - but my teacher can't speak English very well, so it is hard to understand. Everyone has issues and talks to him afterwards...
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wakko not a real Aussie 8,196 posts Joined May 2006 Location: Brisbane, Australia More info | Sep 12, 2007 19:10 | #12500 timbernet wrote in post #3917429 Well since it is quiet in here... I am leaning towards "C" --- I love the economics class due to the subject - but my teacher can't speak English very well, so it is hard to understand. Everyone has issues and talks to him afterwards...  oh well...The law of demand states that as the price decreases the quantity demanded it increase... SO, does "C" look like the right answer?  i'm confused Feng
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puddlepirate44 Cream of the Crop 29,316 posts Likes: 1 Joined Aug 2006 Location: currently, in my chair. More info | Sep 12, 2007 19:10 | #12501 timbernet wrote in post #3917429 Well since it is quiet in here... I am leaning towards "C" --- I love the economics class due to the subject - but my teacher can't speak English very well, so it is hard to understand. Everyone has issues and talks to him afterwards... oh well...The law of demand states that as the price decreases the quantity demanded it increase... SO, does "C" look like the right answer? I've been in marketing for too long. All those answers look right. The cynical brain in me likes "B" because if Hamburger sees that Pizza raised its prices, then it will raise ITS price as well, causing inflation and people eating at home. I tend to ramble. Feel free to put me on ignore.
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puddlepirate44 Cream of the Crop 29,316 posts Likes: 1 Joined Aug 2006 Location: currently, in my chair. More info | TR for tonight:
I tend to ramble. Feel free to put me on ignore.
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timbernet send a search party to Mount Hood 19,157 posts Likes: 1 Joined Dec 2005 More info | Sep 12, 2007 19:14 | #12503
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timbernet send a search party to Mount Hood 19,157 posts Likes: 1 Joined Dec 2005 More info | Sep 12, 2007 19:15 | #12504 Glad I am not the only one puddlepirate44 wrote in post #3917452 I've been in marketing for too long. All those answers look right. The cynical brain in me likes "B" because if Hamburger sees that Pizza raised its prices, then it will raise ITS price as well, causing inflation and people eating at home.  I agree with you there... there is no way this is a "real world" example
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aussieskier just that stupid?  10,608 posts Joined Aug 2005 More info | Sep 12, 2007 19:18 | #12505 The answer is D scott.
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wu_wei0 Irrepressibly irresistibly Creamy  12,250 posts Gallery: 1 photo Likes: 1 Joined Sep 2005 Location: You cannot know my location if you are busy measuring my speed More info | Sep 12, 2007 19:19 | #12506 puddlepirate44 wrote in post #3917461 TR for tonight: Adventures with Jim: Can't Forget This...
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aussieskier just that stupid? 10,608 posts Joined Aug 2005 More info | Sep 12, 2007 19:20 | #12507 The reason is that when ever price fall demand increase and assuming (as is always done in Econ101 and for the most part Macro econ as a whole) that supply isn't immediately increased... there is less hamburgers. Leading to an increased price
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aussieskier just that stupid? 10,608 posts Joined Aug 2005 More info | Sep 12, 2007 19:21 | #12508 HEHEHE that is cute Chief
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timbernet send a search party to Mount Hood 19,157 posts Likes: 1 Joined Dec 2005 More info | Sep 12, 2007 19:27 | #12509 aussieskier wrote in post #3917515 The reason is that when ever price fall demand increase and assuming (as is always done in Econ101 and for the most part Macro econ as a whole) that supply isn't immediately increased... there is less hamburgers. Leading to an increased price I hated that class in high school.Interesting, thanks
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wakko not a real Aussie 8,196 posts Joined May 2006 Location: Brisbane, Australia More info | Sep 12, 2007 19:31 | #12510 puddlepirate44 wrote in post #3917452 I've been in marketing for too long. All those answers look right. The cynical brain in me likes "B" because if Hamburger sees that Pizza raised its prices, then it will raise ITS price as well, causing inflation and people eating at home. that's what I would've done... definitely.... cos... if dominos here raised their Pizza prices, then I'd automatically go to McD's drive through and order a combo regardless... then... realise that the price has gone up... Feng
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something about those eyebrows 
