« previous next »

Author Question: When income rises A) demand for a normal good rises. B) demand for a normal good falls. C) ... (Read 134 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
When income rises
 
  A) demand for a normal good rises.
  B) demand for a normal good falls.
  C) demand for an inferior good rises.
  D) quantity of a normal good demanded rises.

Question 2

A situation in which the market system allocates too many resources to the production of a given activity is known as
 
  A) market allocation.
  B) market failure.
  C) market efficiency.
  D) market breakdown.


BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Asthma. (a) A normal bronchiole. (b) An asthmatic bronchiole. During an asthma “attack,” the bronchi Asthma. (a) A normal bronchiole. (b) An asthmatic bronchiole. During an asthma “attack,” the bronchi
Comparison of normal and sickle cell red blood cells. Comparison of normal and sickle cell red blood cells.
Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Normal nerve conduction of Sodium ion Normal nerve conduction of Sodium ion
Normal compound eye of adult Drosophila Normal compound eye of adult Drosophila
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library