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

Author Question: Which of the following statements best describes an inferior good? A) An inferior good is a good ... (Read 190 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jun 29, 2018
Which of the following statements best describes an inferior good?
 
  A) An inferior good is a good whose quantity supplied always exceeds the quantity demanded.
  B) An inferior good is a good whose demand decreases with an increase in consumers' income.
  C) An inferior good is a good that is sold at a subsidized price.
  D) An inferior good is a good that is rationed by the government.

Question 2

Which of the following is likely to lead to a right shift in the demand curve for labor in the coffee producing industry?
 
  A) A decrease in the price of tea
  B) An increase in the demand for tea
  C) A decrease in the demand for coffee
  D) An increase in the demand for coffee


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jordin Calloway

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

B

Answer to Question 2

D


dakota nelson

  • Member
  • Posts: 604
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

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?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Horizontal stroking to thigh from superior to inferior. Lift tissues as hands cross over top of ... Horizontal stroking to thigh from superior to inferior. Lift tissues as hands cross over top of ...
Apply thumb pressure to points along the spine bilaterally from superior or inferior. Keep your ... Apply thumb pressure to points along the spine bilaterally from superior or inferior. Keep your ...
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Inferior view of distal ends of radius and ulna Inferior view of distal ends of radius and ulna
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library