« previous next »

Author Question: A consumer's switch to another similar good when the price of the preferred good increases is termed ... (Read 40 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
A consumer's switch to another similar good when the price of the preferred good increases is termed the:
 a. income effect.
 b. substitution effect.
  c. utility effect.
 d. marginal effect.

Question 2

Social regulation means that the government dictates the price that a firm must charge and/or the quantity that a firm must supply.
 a. True
  b. False
  Indicate whether the statement is true or false


tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

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

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Amborella trichopoda flower, similar to a hypothesized early flower Amborella trichopoda flower, similar to a hypothesized early flower
The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ... The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ...
A schematic showing that an inertia switch is connected in series between the fuel-pump relay and ... A schematic showing that an inertia switch is connected in series between the fuel-pump relay and ...
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
A fibrous root system has similar-sized adventitious roots that branch from the stem A fibrous root system has similar-sized adventitious roots that branch from the stem
Polyploidy increases fruit size Polyploidy increases fruit size
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library