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

Author Question: When the price of gasoline rises, some consumers begin riding their bikes more frequently or riding ... (Read 127 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
When the price of gasoline rises, some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars. The fact that the CPI does not fully account for such changes in consumer behavior is called
 
  A) increase in quality bias. B) outlet bias.
  C) substitution bias. D) discrimination bias.

Question 2

If the marginal propensity to consume is 0.6, the marginal propensity to save is
 
  A) 0.4. B) 0.6. C) 1. D) 1.5.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


meagbuch

  • Member
  • Posts: 568
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

A gasoline testing kit, including an insulated container where water at 100°F is used to heat a ... A gasoline testing kit, including an insulated container where water at 100°F is used to heat a ...
E85 has 85% ethanol mixed with 15% gasoline. E85 has 85% ethanol mixed with 15% gasoline.
Place one hand on the medial and one on the lateral thigh to begin horizontal stroking. Slide hands ... Place one hand on the medial and one on the lateral thigh to begin horizontal stroking. Slide hands ...
Weight management is such a hot topic in the United States that it is frequently Weight management is such a hot topic in the United States that it is frequently
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Bone elongation - processes at the epiphyseal plate

For a complete list of videos, visit our video library