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Author Question: If your income goes up by 2 and, in response, the quantity demanded of good x falls by 3, the good x ... (Read 78 times)

tnt_battle

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on: Jul 1, 2018
If your income goes up by 2 and, in response, the quantity demanded of good x falls by 3, the good x can be considered
 a. An inferior good
  b. A normal good
  c. A public good
  d. A private good

Question 2

According to the profit-maximization goal, the firm should attempt to maximize short-run profits since there is too much uncertainty associated with long-run profits.
 a. true
  b. false


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zhanghao

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

a

Answer to Question 2

b


tnt_battle

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  • Posts: 556
Reply 2 on: Jul 1, 2018
Excellent

kusterl

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Reply 3 on: Yesterday
Gracias!

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