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Author Question: An inferior good is a good whose income elasticity of demand is less than 0. Indicate whether the ... (Read 130 times)

Awilson837

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on: Jun 29, 2018
An inferior good is a good whose income elasticity of demand is less than 0.
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements is CORRECT?
 
  A) Because information is different from typical goods and services, it cannot be provided in a market.
  B) The marginal benefit from more information does not decrease.
  C) Too little information is provided if the market for information is a monopoly.
  D) Acquiring more information can never be inefficient.


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steff9894

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

TRUE

Answer to Question 2

C


Awilson837

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Sarahjh

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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