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Author Question: Which of the following could explain why the demand for table salt is inelastic? A) Salt is a ... (Read 83 times)

Kikoku

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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?
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Anonymous

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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.
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Kikoku

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Reply 2 on: Jun 29, 2018
Excellent

lcapri7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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