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

Author Question: An indication that the economy is in recession, e.g., a rise in the number of used clothing stores ... (Read 67 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
on: Jul 1, 2018
An indication that the economy is in recession, e.g., a rise in the number of used clothing stores for babies, suggests that
 a. used clothes for babies are a necessity
  b. used clothes for babies are an inferior good
  c. used clothes for babies are a normal good
  d. new clothes for babies are a luxury
  e. used clothes for babies have price-elastic demand

Question 2

An inferior good is
 a. any good of low quality
  b. one that consumers buy less of as the price rises
  c. one that consumers buy less of as their income rises
  d. one that has few substitutes
  e. any good made with inexpensive labor


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


craiczarry

  • Member
  • Posts: 527
Reply 2 on: Jul 1, 2018
Gracias!

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Avogadro's number calculation Avogadro's number calculation
This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
Gliding Phoenix. Beginning position: Legs straight and together, arms at sides of body. 1. Rise up ... Gliding Phoenix. Beginning position: Legs straight and together, arms at sides of body. 1. Rise up ...
The relationship between the number of stem cell divisions in the lifetime of a given tissue and the The relationship between the number of stem cell divisions in the lifetime of a given tissue and the
Relationship between the number of amino acid substitutions Relationship between the number of amino acid substitutions
Locate the following places by reference number on the map:Key Locales of Political, Economic, ... Locate the following places by reference number on the map:Key Locales of Political, Economic, ...
Video: Pores and Ion Channels

For a complete list of videos, visit our video library