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Author Question: A product can be classified as an inferior good if an increase in the income causes a. A decrease ... (Read 84 times)

stock

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  • Posts: 573
on: Jul 1, 2018
A product can be classified as an inferior good if an increase in the income causes
 a. A decrease in the quantity demanded
  b. A decrease in demand
 c. An increase in demand
 d. An increase in the quantity demanded.

Question 2

If the Union threatens a strike, what is the firm's best response?
 a. Bargain hard
 b. Accommodate
  c. Run
 d. Hide


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ciecieme

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


stock

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  • Posts: 573
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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