Question: True/False??? Factor Expected Effect 1 Decrease in the Price of Substitute Increase in Qd True/ False goods 2 Increase in Price of Complementary Decrease in

True/False??? Factor Expected Effect 1 Decrease in the Price of Substitute

True/False??? Factor Expected Effect 1 Decrease in the Price of Substitute Increase in Qd True/ False goods 2 Increase in Price of Complementary Decrease in Qd True/ False goods Increase in Consumer Income levels Increase in Qd True/ False 4 Increase in the price of Substitute Goods Increase in Qd True/ False 5 Decrease in the price of Complimentary Increase in Od True/ False goods 6 Increase in Consumer preferences for Decrease in Qd |True/ False the good 7 Expected future prices decreases for the Decrease in Od True/ False good

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The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.