This topic contains a solution. Click here to go to the answer

Author Question: For a change in the quantity supplied but not a change in supply to occur, there must be a A) ... (Read 69 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
For a change in the quantity supplied but not a change in supply to occur, there must be a
 
  A) rightward shift of the supply curve.
  B) rightward shift of the demand curve.
  C) leftward shift of the demand curve.
  D) Both answers B and C are correct.

Question 2

The ________ measures the change in the demand of a good due to a percentage change in the consumer's income.
 
  A) substitution effect of a price change
  B) income effect of a price change
  C) cross-price elasticity of demand
  D) income elasticity of demand



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

D

Answer to Question 2

D




Awilson837

  • Member
  • Posts: 509
Reply 2 on: Jun 29, 2018
Wow, this really help


kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

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

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

For a complete list of videos, visit our video library