« previous next »

Author Question: The quantity demanded of good X falls by 20 and, in response, your income goes down by 10 and, the ... (Read 311 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jul 1, 2018
The quantity demanded of good X falls by 20 and, in response, your income goes down by 10 and, the income elasticity of demand would be:
 a. 2
 b. 4
 c. .5
 d. .20

Question 2

What is the equilibrium payoff for the stores?
 a. Megastore 95 and Superstore 80
 b. Megastore 305 and Superstore 55
  c. Megastore 65 and Superstore 285
  d. Megastore 165 and Superstore 115


jamesnevil303

  • Sr. Member
  • ****
  • Posts: 337
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
« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ... Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ...
Relationship between Income per Capita and Population Growth Relationship between Income per Capita and Population Growth
“Fight or Flight” Response “Fight or Flight” Response
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
In Falls, Energy Is Transmitted Along the Skeletal System In Falls, Energy Is Transmitted Along the Skeletal System
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library