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

Author Question: A demand curve usually has a a. negative slope because price and quantity demanded are inversely ... (Read 48 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Jul 1, 2018
A demand curve usually has a
 a. negative slope because price and quantity demanded are inversely related
  b. negative slope because as price rises, demand falls
  c. positive slope because price and quantity demanded are positively related
  d. positive slope because price and quantity demanded are inversely related
  e. slope of zero because there is no change along a demand curve when everything else is held constant

Question 2

The income effect of an increase in the price of hominy grits (an inferior good) is a(n)
 a. decrease in the demand for hominy grits
  b. decrease in the quantity demanded of hominy grits
  c. increase in the demand for hominy grits
  d. increase in the quantity demanded of hominy grits
  e. new demand curve because everything else is no longer constant


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


scienceeasy

  • Member
  • Posts: 565
Reply 2 on: Jul 1, 2018
Excellent

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Ventilation of the mammalian lung by negative pressure filling. Ventilation of the mammalian lung by negative pressure filling.
The titration curve of acetic acid The titration curve of acetic acid
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Slope Question Slope Question
Derive the following using the increment/delta method and find its slope Derive the following using the increment/delta method and find its slope
Video: Cognitive development by Piaget (Preoperational stage or intelligence)

For a complete list of videos, visit our video library