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

Author Question: For a normal good, the quantity demanded (Read 64 times)

M1ch3a

  • Full Member
  • ***
  • Posts: 130
on: Oct 12, 2022

Question 1

When national income falls, sales of vacation packages also fall, even at constant prices. This fact suggests that the ________ elasticity of demand for vacation packages is ________.
◦ cross; positive
◦ price; positive
◦ price; negative
◦ income; negative
◦ income; positive

Question 2

For a normal good, the quantity demanded
◦ rises when income falls.
◦ falls when income rises.
◦ rises when income rises.
◦ does not change when income rises or falls.
◦ responds inversely to changes in income.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by M1ch3a on Oct 12, 2022

ad2018

  • Full Member
  • ***
  • Posts: 189
Reply #1 on: Oct 12, 2022
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 49% of students answer this correctly


M1ch3a

  • Member
  • Posts: 130
Reply 2 on: Oct 12, 2022
:D TYSM

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

A normal pregnancy. A normal pregnancy.
Changes in bronchioles during an asthma attack: (a) normal bronchiole, (b) inflammation obstructing ... Changes in bronchioles during an asthma attack: (a) normal bronchiole, (b) inflammation obstructing ...
If the needle drops 1 or 2 inches Hg from the normal reading, one of the engine valves is burned or ... If the needle drops 1 or 2 inches Hg from the normal reading, one of the engine valves is burned or ...
Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
People who are color-blind see colors differently. (a) Those with normal vision see the red leaves. People who are color-blind see colors differently. (a) Those with normal vision see the red leaves.
The traditional human karyotypes derived from a normal female and a normal male The traditional human karyotypes derived from a normal female and a normal male
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library