« previous next »

Author Question: In the figure above, which budget line has the lowest relative price of carrots? A) AD B) BD C) ... (Read 249 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
In the figure above, which budget line has the lowest relative price of carrots?
 
  A) AD
  B) BD
  C) CD
  D) The relative price is equal for all three budget lines.

Question 2

If the income elasticity of demand for corn is 0.5, then as income increases
 
  A) the demand for corn will increase.
  B) the demand for corn will decrease.
  C) corn will prove to be an inferior good.
  D) the supply curve of corn will shift leftward.


cuttiesgirl16

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Motion of the barycenter of the Solar System relative to the Sun Motion of the barycenter of the Solar System relative to the Sun
A new drug development time line with the four phases of drug approval. A new drug development time line with the four phases of drug approval.
First and Second Line Drugs for the Treatment of TB First and Second Line Drugs for the Treatment of TB
Mobilize hand and wrist joints. Apply scissoring to knuckles and figure-8s to fingers. Holding the ... Mobilize hand and wrist joints. Apply scissoring to knuckles and figure-8s to fingers. Holding the ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Swimming Pool (Figure 3.1) Swimming Pool (Figure 3.1)
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library