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

Author Question: Suppose that consumer income decreases and that hamburger is an inferior good. Which of the ... (Read 35 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 29, 2018
Suppose that consumer income decreases and that hamburger is an inferior good. Which of the following will occur in the market for hamburger?
 
  A) Market clearing price will rise, and equilibrium quantity will rise.
  B) Market clearing price will fall, and equilibrium quantity will fall.
  C) Market clearing price will rise, and equilibrium quantity will fall.
  D) Market clearing price will fall, and equilibrium quantity will rise.

Question 2

In economics, physical capital includes
 
  A) money.
  B) bank accounts.
  C) machinery.
  D) shares of stock.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 29, 2018
Wow, this really help

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ... Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ...
Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ... Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ...
Kneeling on one knee to keep good alignment when massaging the arms and hands. Kneeling on one knee to keep good alignment when massaging the arms and hands.
Inferior aspect of brain Inferior aspect of brain
Video: Enzyme-Catalyzed Reactions

For a complete list of videos, visit our video library