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

Author Question: When the income-consumption curve has a positive slope throughout its entire length, we can conclude ... (Read 183 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
When the income-consumption curve has a positive slope throughout its entire length, we can conclude that
 
  A) both goods are inferior.
  B) both goods are normal.
  C) the good on the vertical (y) axis is inferior.
  D) the good on the horizontal (x) axis is inferior.

Question 2

After the September 11, 2001 attacks on the World Trade Center, the supply of downtown office space in Manhattan was dramatically reduced. Forecasters predicted that the equilibrium price would rise, but in fact the price fell.
 
  What are some factors that could explain the fall in the equilibrium price, which the forecasters failed to take into account? A) Demand for office space fell due to quality-of-life concerns.
  B) The economic slowdown caused demand for office space to fall.
  C) both A and B
  D) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juiceman1987

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

B

Answer to Question 2

C


jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Variation in shape and length of nerve cells. Variation in shape and length of nerve cells.
Four Arch Curve Four Arch Curve
The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Video: Requirements for nervous signals

For a complete list of videos, visit our video library