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

Author Question: Which of the following could explain why the demand for table salt is inelastic? A) Salt is a ... (Read 147 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Which of the following could explain why the demand for table salt is inelastic?
 
  A) Salt is a luxury for high-income consumers but a necessity for low-income consumers.
  B) Salt is a rare commodity.
  C) Salt is a luxury good.
  D) Households devote a very small portion of their income to salt purchases.

Question 2

Assume the government reduces your welfare check by 1 for every 2 that you earn on the job while on welfare. How will this tax affect your labor supply decisions? What is the implicit tax rate of such a policy?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


Kikoku

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Excellent

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Salt water lake Salt water lake
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ... A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ...
Elastic/inelastic #5 Elastic/inelastic #5
table table
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library