« previous next »

Author Question: Which of the following statements best describes a normal good? A) A normal good is a good that ... (Read 115 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Which of the following statements best describes a normal good?
 
  A) A normal good is a good that is rationed by the government.
  B) A normal good is a good that is readily available in the market.
  C) A normal good is a good whose supply increases as its price decreases.
  D) A normal good is a good whose demand increases with an increase in consumers' income.

Question 2

Which of the following is likely to cause flour mills to increase their demand for labor?
 
  A) A decrease in the wage rate
  B) An increase in the wage rate
  C) An increase in the price of bread
  D) A decrease in the price of flour products


skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
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
« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

What makes tea so good What makes tea so good
Normal breath sounds Normal breath sounds
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
Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan). Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan).
Normal combustion is a smooth, controlled burning of the air–fuel mixture. Normal combustion is a smooth, controlled burning of the air–fuel mixture.
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library