« previous next »

Author Question: In the figure above, which budget line has the lowest relative price of carrots? A) AD B) BD C) ... (Read 250 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
In the figure above, which budget line has the lowest relative price of carrots?
 
  A) AD
  B) BD
  C) CD
  D) The relative price is equal for all three budget lines.

Question 2

If the income elasticity of demand for corn is 0.5, then as income increases
 
  A) the demand for corn will increase.
  B) the demand for corn will decrease.
  C) corn will prove to be an inferior good.
  D) the supply curve of corn will shift leftward.


cuttiesgirl16

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Relative Energy Consumption per Person for Selected Countries Relative Energy Consumption per Person for Selected Countries
Relative Size of the Body’s Fluid Compartments Relative Size of the Body’s Fluid Compartments
Paul Colin, Figure of a Woman. Paul Colin, Figure of a Woman.
Relative size ranges and fluorescent dye labeling colors of 16 STR Relative size ranges and fluorescent dye labeling colors of 16 STR
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library