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

Author Question: When income increases, the demand curve for X shifts rightward and the demand curve for Y shifts ... (Read 239 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
When income increases, the demand curve for X shifts rightward and the demand curve for Y shifts leftward. These shifts mean that
 
  A) X and Y are complements.
  B) X and Y both normal goods.
  C) X is an inferior good and Y is a normal good.
  D) X is a normal good and Y is an inferior good.

Question 2

________ refers to an action that an individual with private information takes in order to convince others about his information.
 
  A) Sniping
  B) Signaling
  C) Hedging
  D) Speculating


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


jjjetplane

  • Member
  • Posts: 556
Reply 2 on: Jun 29, 2018
Gracias!

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Linear dose-response curve Linear dose-response curve
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Video: The Pressure Flow Model in a Plant

For a complete list of videos, visit our video library