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

Author Question: An increase in Abigail's income decreases her demand for used cars. For her, used cars are A) a ... (Read 64 times)

karen

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
An increase in Abigail's income decreases her demand for used cars. For her, used cars are
 
  A) a normal good.
  B) an inferior good.
  C) a complement to any good.
  D) a substitute good.

Question 2

The Lorenz curve
 
  A) explains why some households have different incomes.
  B) explains why income is equally distributed.
  C) graphically shows the degree of income inequality.
  D) graphically shows the amount of wealth in a country.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


karen

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
:D TYSM

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
Relationship between Income and Happiness in the United States Relationship between Income and Happiness in the United States
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library