« previous next »

Author Question: Because Product X has a large positive income elasticity, it is likely that the product A) has ... (Read 46 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
Because Product X has a large positive income elasticity, it is likely that the product
 
  A) has many good substitutes.
  B) has few good complements.
  C) is a necessity.
  D) is a luxury.

Question 2

In a graph, a line has a negative slope if
 
  A) the line is vertical.
  B) the line is horizontal.
  C) the line rises from right to left.
  D) the line rises from left to right.


Athena23

  • Sr. Member
  • ****
  • Posts: 305
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
« 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?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

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.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
(a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest (a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest
The digestive system: functions of the small intestine and large intestine (colon) The digestive system: functions of the small intestine and large intestine (colon)
Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ... The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ...
Video: Adolescent Diabetes

For a complete list of videos, visit our video library