Author Question: An increase in income causes the demand of normal goods to _________ and the price of normal goods ... (Read 45 times)

rlane42 · **on:** Jul 1, 2018

An increase in income causes the demand of normal goods to _________ and the price of normal goods to
a. Increase; increase
b. Increase; decrease
c. Decrease; increase
d. Decrease, decrease

Question 2

At a fair carnival roulette wheel, a player can either win 10, 30, or 80 . Assuming that the wheel is fair, what is the expected value of the play?
a. 20
b. 40
c. 60
d. 80