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Most studies indicate that low cigarette prices are associated with greater use of marijuana. What type of goods does this indicate that cigarettes and marijuana
Most studies indicate that low cigarette prices are associated with greater use of marijuana. What type of goods does this indicate that cigarettes and marijuana are? Select one: O a. substitute goods b. complementary goods O c. not related since the goods are now both legal d. inferior goodsIn 1954, Canadian Prime Minister Louis Stephen St. Laurent was paid a salary of $15,000. Stephen Harper, the Prime Minister in 2014, was paid $157,731. The price index for 1954 is 14.1 and the price index for 2014 is 121.7. Compared to PM Harper, Prime Minister St. Laurent's salary equivalent in 2014 dollars was approximately? Select one: a. $28,260 higher b. The same c. $28,260 lower d. $142,700 lowerIf a seller in a competitive market chooses to charge more than the market price, what would happen? Select one: O a. Buyers would tend to buy more from this seller. b. The owners of the raw materials used in production would raise the prices for the raw materials. c. Other sellers would also raise their prices. d. Buyers will make purchases from other sellers
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