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

Author Question: If renting videos is an inferior good, demand for this service will rise when consumer income falls. ... (Read 46 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
If renting videos is an inferior good, demand for this service will rise when consumer income falls.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If people buy more of a generic brand when consumer income falls, it is an inferior good.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

patma1981

  • Sr. Member
  • ****
  • Posts: 292
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


Jipu 123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

A good Mnemonic to know Mg K Ca Na A good Mnemonic to know Mg K Ca Na
Tag identify that the power has been removed and service work is being done. Tag identify that the power has been removed and service work is being done.
The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ... The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ...
Good Old War - Part Of Me [Audio] Good Old War - Part Of Me [Audio]
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
The Parade of World Income The Parade of World Income
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library