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

Author Question: If spending on motoring as a percentage of household expenditure rises as income rises, this shows ... (Read 89 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: May 25, 2020

Question 1

What is likely to be the cross elasticity of demand between car travel and train fares?
◦ high and negative
◦ low and negative
◦ high and positive
◦ low and positive

Question 2

If spending on motoring as a percentage of household expenditure rises as income rises, this shows that motoring is
◦ an inferior good.
◦ a superior good.
◦ environmentally damaging.
◦ a potential public good.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mydiamond on May 25, 2020

Leostella20

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


mydiamond

  • Member
  • Posts: 804
Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

The accessory organs of the digestive system: the liver, gallbladder, and pancreas. Image shows the The accessory organs of the digestive system: the liver, gallbladder, and pancreas. Image shows the
Distribution of the Income of Americans Distribution of the Income of Americans
The end of a typical line wrench, which shows that it is capable of grasping most of the head of ... The end of a typical line wrench, which shows that it is capable of grasping most of the head of ...
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ... Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Researchers and Research Spending, 2009 Researchers and Research Spending, 2009
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library