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

Author Question: An increase in Abigail's income decreases her demand for used cars. For her, used cars are A) a ... (Read 42 times)

karen

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
An increase in Abigail's income decreases her demand for used cars. For her, used cars are
 
  A) a normal good.
  B) an inferior good.
  C) a complement to any good.
  D) a substitute good.

Question 2

The Lorenz curve
 
  A) explains why some households have different incomes.
  B) explains why income is equally distributed.
  C) graphically shows the degree of income inequality.
  D) graphically shows the amount of wealth in a country.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


karen

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Gracias!

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

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?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Conventional cars are extremely inefficient Conventional cars are extremely inefficient
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
How Health Interacts with Income How Health Interacts with Income
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Infant mortality by income quintile, urban Canada, 1996 Infant mortality by income quintile, urban Canada, 1996
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library