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Author Question: If an Engel curve has a negative slope, A) the good is inferior. B) the good is normal. C) ... (Read 83 times)

vicotolentino

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  • Posts: 552
on: Jul 1, 2018
If an Engel curve has a negative slope,
 
  A) the good is inferior.
  B) the good is normal.
  C) the good has no substitutes.
  D) the good has no complements.

Question 2

A bumper-to-bumper warranty on a used car is a signaling device that
 
  A) identifies a high-quality car as a high-quality car, because putting such a warranty on a low-quality car would be prohibitively costly.
  B) disguises a low-quality car as a high-quality car, and thus makes it easier to sell.
  C) is necessary in order to sell a low-quality car at all. Without it no one would risk buying the car.
  D) isn't necessary if there is a mix of high-quality and low-quality cars in the market.
  E) helps sellers determine whether the buyer is truly looking for a high-quality car.


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bassamabas

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

A

Answer to Question 2

A


vicotolentino

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  • Posts: 552
Reply 2 on: Jul 1, 2018
Wow, this really help

kilada

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Reply 3 on: Yesterday
Excellent

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