« previous next »

Author Question: In the figure above, which budget line results in the most real income in terms of carrots? A) AD ... (Read 123 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 29, 2018
In the figure above, which budget line results in the most real income in terms of carrots?
 
  A) AD
  B) BD
  C) CD
  D) Real income is equal for all three budget lines.

Question 2

The income elasticity of demand for food
 
  A) does not change when an individual's income changes.
  B) increases as an individual's income increases.
  C) decreases as an individual's income increases.
  D) is negative.


Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Shelles

  • Hero Member
  • *****
  • Posts: 582
Reply #2 on: Jun 29, 2018
Thank you :)


Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

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

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

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.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Frequently Used Computer Terms Frequently Used Computer Terms
Monitoring and Following Up on Laboratory Test Results Monitoring and Following Up on Laboratory Test Results
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Maternal Serum Screen Results Indicating an Abnormality Maternal Serum Screen Results Indicating an Abnormality
Video: Lower Limb Arteries Animation

For a complete list of videos, visit our video library