This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Gasoline is a normal good. If the price of gasoline falls, a consumer buys more gasoline because of ... (Read 200 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
Gasoline is a normal good. If the price of gasoline falls, a consumer buys more gasoline because of
 
  A) only an income effect.
  B) only a substitution effect.
  C) an increase in the marginal rate of substitution.
  D) both an income effect and a substitution effect.

Question 2

Firms organize production by using a mixture of two systems: (1 ) command systems and (2 ) incentive systems.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

okolip

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


cabate

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Wow, this really help

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Features of normal metaphase chromosomes. Features of normal metaphase chromosomes.
Normal and sickle-cell hemoglobin. (a) Subtle differences between the conformations of hemoglobin A Normal and sickle-cell hemoglobin. (a) Subtle differences between the conformations of hemoglobin A
The geomagnetic polarity time scale shows how Earth’s magnetic pole has changed through geologic tim The geomagnetic polarity time scale shows how Earth’s magnetic pole has changed through geologic tim
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Normal red blood cells (RBCs) are flexible and donut-shaped and move with ease through blood ... Normal red blood cells (RBCs) are flexible and donut-shaped and move with ease through blood ...
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Video: Pores and Ion Channels

For a complete list of videos, visit our video library