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

Author Question: If an increase in the incomes of people who live in the Los Angeles area leads to an increase in the ... (Read 97 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
If an increase in the incomes of people who live in the Los Angeles area leads to an increase in the demand for season tickets for games played by the Los Angeles Lakers professional basketball team, then these season tickets are
 
  A) a normal good.
  B) an inferior good.
  C) an income complement.
  D) an income substitute.

Question 2

Markets tend to underallocate resources to the production of a good when
 
  A) there are negative externalities.
  B) there are positive externalities.
  C) there are public goods produced.
  D) equilibrium occurs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Excellent

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

The Cardiac Landmarks. A = Aortic Area; P = Pulmonic Area; E = Erb’s Point; T = Tri The Cardiac Landmarks. A = Aortic Area; P = Pulmonic Area; E = Erb’s Point; T = Tri
L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh
Locations of Broca’s Area, Wernicke’s Area, and Associated Areas Involved in Language Deficits Locations of Broca’s Area, Wernicke’s Area, and Associated Areas Involved in Language Deficits
Circular movement of ice over lateral area just distal to the elbow. Use medium pressure to apply ... Circular movement of ice over lateral area just distal to the elbow. Use medium pressure to apply ...
How to find the area of composite figures (Part 1) How to find the area of composite figures (Part 1)
A container in the shape of a right circular cylinder with no top has surface area square feet. A container in the shape of a right circular cylinder with no top has surface area square feet.
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library