Necessities and luxuries are both types of normal goods. a. True b. ...

Author Question: Necessities and luxuries are both types of normal goods. a. True b. ... (Read 80 times)

Shelles

Hero Member
Posts: 582

on: Jul 1, 2018

Necessities and luxuries are both types of normal goods.
a. True
b. False

Question 2

If income rises and the demand for toothbrushes stays the same, income elasticity of toothbrushes is said to be unit elastic.
a. True
b. False

juwms

Sr. Member
Posts: 337

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

B

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.