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

Author Question: For a good to be nonrival, then A) one person's consumption of that good does not decrease ... (Read 74 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
For a good to be nonrival, then
 
  A) one person's consumption of that good does not decrease another person's consumption of that good.
  B) a person cannot be prevented from consuming that good even if he or she did not pay for it.
  C) a person is willing to pay any price to ensure that the product is available.
  D) a person is not willing to pay for the good because even without paying for it, the person can consume the good anyway.

Question 2

Long-distance travel by bus is an inferior good. As people's incomes increase and other things remain the same, you predict that the
 
  A) price of long-distance travel by bus will fall and the demand for long-distance travel by bus will increase.
  B) price of long-distance travel by bus will fall.
  C) demand for long-distance travel by bus will decrease and the price will rise.
  D) demand for long-distance travel by bus will increase as the price of long-distance travel by bus falls.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leahm14

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Gracias!

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Older adults may grieve intensely over the loss of a person or situation that has been a part of the Older adults may grieve intensely over the loss of a person or situation that has been a part of the
Relative Energy Consumption per Person for Selected Countries Relative Energy Consumption per Person for Selected Countries
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
A Breathalyzer is used to measure a person's blood alcohol concentration (BAC) A Breathalyzer is used to measure a person's blood alcohol concentration (BAC)
Politics, Power and the Common Good: An Introduction to Political Science, 5/E Politics, Power and the Common Good: An Introduction to Political Science, 5/E
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library