This topic contains a solution. Click here to go to the answer

Author Question: A 10 percent increase in income increases the quantity of orange juice demanded from 19,200 to ... (Read 276 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
A 10 percent increase in income increases the quantity of orange juice demanded from 19,200 to 20,800 gallons. The income elasticity of demand for orange juice is
 
  A) 0.5.
  B) 0.8.
  C) 1.0.
  D) 1.2.

Question 2

Generating electricity creates air pollution. This industry, if left unregulated, will produce
 
  A) more than the efficient level of output.
  B) the efficient level of output.
  C) less than the efficient level of output.
  D) sometimes more and sometimes less than the efficient level of output.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karlss

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

B

Answer to Question 2

A




misspop

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


TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

For a complete list of videos, visit our video library