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Author Question: An decrease in quantity supplied is represented by a leftward shift of the supply curve. Indicate ... (Read 115 times)

dejastew

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on: Jun 29, 2018
An decrease in quantity supplied is represented by a leftward shift of the supply curve.
 
  Indicate whether the statement is true or false

Question 2

If the quantity demanded for a good rises as income rises then the income elasticity of demand for this good is ________ than 0, and the good is ________ good.
 
  A) less; an inferior B) less; a normal C) greater; a normal D) greater; an inferior
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scikid

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


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dejastew

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Reply #2 on: Jun 29, 2018
Thank you :)


scikid

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Reply #3 on: Jun 29, 2018
Happy to help you


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