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Author Question: Suppose that consumer income decreases and that hamburger is an inferior good. Which of the ... (Read 80 times)

plus1

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on: Jun 29, 2018
Suppose that consumer income decreases and that hamburger is an inferior good. Which of the following will occur in the market for hamburger?
 
  A) Market clearing price will rise, and equilibrium quantity will rise.
  B) Market clearing price will fall, and equilibrium quantity will fall.
  C) Market clearing price will rise, and equilibrium quantity will fall.
  D) Market clearing price will fall, and equilibrium quantity will rise.

Question 2

In economics, physical capital includes
 
  A) money.
  B) bank accounts.
  C) machinery.
  D) shares of stock.


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Shshxj

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

A

Answer to Question 2

C


plus1

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

alvinum

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Reply 3 on: Yesterday
Excellent

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