« previous next »

Author Question: In the figure above, which budget line results in the most real income in terms of carrots? A) AD ... (Read 162 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 29, 2018
In the figure above, which budget line results in the most real income in terms of carrots?
 
  A) AD
  B) BD
  C) CD
  D) Real income is equal for all three budget lines.

Question 2

The income elasticity of demand for food
 
  A) does not change when an individual's income changes.
  B) increases as an individual's income increases.
  C) decreases as an individual's income increases.
  D) is negative.


Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Shelles

  • Hero Member
  • *****
  • Posts: 582
Reply #2 on: Jun 29, 2018
Thank you :)


Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
First Line of Defence First Line of Defence
Establishing a caring and trusting relationship helps the client come to terms with a terminal illne Establishing a caring and trusting relationship helps the client come to terms with a terminal illne
Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
Frequently Used Computer Terms Frequently Used Computer Terms
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Infant mortality by income quintile, urban Canada, 1996 Infant mortality by income quintile, urban Canada, 1996
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library