Necessities and luxuries are both types of normal goods. a. True b. ...

Author Question: Necessities and luxuries are both types of normal goods. a. True b. ... (Read 98 times)

Shelles

Hero Member
Posts: 582

on: Jul 1, 2018

Necessities and luxuries are both types of normal goods.
a. True
b. False

Question 2

If income rises and the demand for toothbrushes stays the same, income elasticity of toothbrushes is said to be unit elastic.
a. True
b. False

juwms

Sr. Member
Posts: 337

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

B

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

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?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.