« previous next »

Author Question: If consumers' incomes increase and the demand for bus rides decreases A) bus rides are a normal ... (Read 29 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
If consumers' incomes increase and the demand for bus rides decreases
 
  A) bus rides are a normal good.
  B) consumers are behaving irrationally.
  C) bus rides are an inferior good.
  D) none of the above.

Question 2

The real interest rate is found by dividing the nominal interest rate by the CPI. Is this statement true or false?
 
  What will be an ideal response?


allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The statement is false. The real interest rate equals the nominal interest rate minus the inflation rate, not divided by it.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Pediatric Vital Signs Normal Ranges Pediatric Vital Signs Normal Ranges
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Normal ECG tracing. Normal ECG tracing.
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
MRI scans of normal elderly person compared to one with Alzheimer's MRI scans of normal elderly person compared to one with Alzheimer's
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library