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Author Question: If the demand of a good is inversely related to income, it must be A) a bad good. B) an inferior ... (Read 102 times)

Chelseaamend

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on: Jun 29, 2018
If the demand of a good is inversely related to income, it must be
 
  A) a bad good.
  B) an inferior good.
  C) a normal good.
  D) an everyday product.

Question 2

The assumption that individuals do NOT intentionally make decisions that would leave them worse off is referred to as
 
  A) the premium assumption.
  B) the law of comparative advantage.
  C) the rationality assumption.
  D) the law of demand.


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skipfourms123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Chelseaamend

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Reply #2 on: Jun 29, 2018
Thank you


skipfourms123

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Reply #3 on: Jun 29, 2018
No problemo


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