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Author Question: A change in the distribution of income which leaves total income constant will not shift the market ... (Read 132 times)

mia

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on: Jul 1, 2018
A change in the distribution of income which leaves total income constant will not shift the market demand curve for a product if
 a. everyone has an income elasticity of demand of zero for the product.
  b. everyone has the same income elasticity of demand for the product.
  c. individuals have differing income elasticities for the product, but the average income elasticity for income gainers is equal to the average income elasticity for income losers.
  d. any of the above conditions occur.

Question 2

The various ways that vertical relationships can evade regulation include
 a. tying the sale of an unregulated good to a customer's choice of a regulated good
  b. unbundling regulated and unregulated goods
  c. preventing the exclusion of rival unregulated goods
  d. insuring tax rates are uniform across jurisdictions


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janeli1

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

a


mia

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Reply #2 on: Jul 1, 2018
Thank you


janeli1

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Reply #3 on: Jul 1, 2018
No problemo


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