« previous next »

Author Question: Demand for a necessity, such as food, is a. both income and price inelastic b. income inelastic ... (Read 51 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jul 1, 2018
Demand for a necessity, such as food, is
 a. both income and price inelastic
  b. income inelastic and price elastic
  c. income elastic and price inelastic
  d. both income and price elastic
  e. income elastic and perfectly price inelastic

Question 2

As the economy recovers from a recession, we should expect that
 a. demand for inferior goods will fall and demand for normal goods will rise
  b. demand for both inferior and normal goods will rise
  c. demand for inferior goods will rise and demand for normal goods will fall
  d. demand for both inferior and normal goods will fall
  e. demand for complements will fall


skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

waynest

  • Hero Member
  • *****
  • Posts: 553
Reply #2 on: Jul 1, 2018
Thank you


skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

A young gerbil sitting by the food bowl to eat A young gerbil sitting by the food bowl to eat
Reaching out for food on a garden bird feeder. Squirrels can rotate their hind feet, allowing them t Reaching out for food on a garden bird feeder. Squirrels can rotate their hind feet, allowing them t
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Relationship between Income per Capita and Population Growth Relationship between Income per Capita and Population Growth
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library