« previous next »

Author Question: A 10 percent increase in income has caused a 5 percent decrease in the quantity demanded. The income ... (Read 84 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
A 10 percent increase in income has caused a 5 percent decrease in the quantity demanded. The income elasticity is
 
  A) 0.5.
  B) -0.5.
  C) 2.0.
  D) -2.0.

Question 2

To two hunters, a deer running in a forest is
 
  A) nonrival and nonexcludable.
  B) nonrival and excludable.
  C) rival and nonexcludable.
  D) rival and excludable.


ky860224

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Brain Damage Caused by Stress Brain Damage Caused by Stress
Fraternal twins share about 50 percent of their segregating genes. Fraternal twins share about 50 percent of their segregating genes.
The age-related increase in spirituality is different for two cohorts born seven years apart. The ... The age-related increase in spirituality is different for two cohorts born seven years apart. The ...
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Relationship between Income Inequality and Sociopolitical Instability Relationship between Income Inequality and Sociopolitical Instability
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Video: Physiology of Asthma

For a complete list of videos, visit our video library