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Author Question: An increase in Abigail's income decreases her demand for used cars. For her, used cars are A) a ... (Read 44 times)

karen

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on: Jun 29, 2018
An increase in Abigail's income decreases her demand for used cars. For her, used cars are
 
  A) a normal good.
  B) an inferior good.
  C) a complement to any good.
  D) a substitute good.

Question 2

The Lorenz curve
 
  A) explains why some households have different incomes.
  B) explains why income is equally distributed.
  C) graphically shows the degree of income inequality.
  D) graphically shows the amount of wealth in a country.


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strudel15

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

B

Answer to Question 2

C


karen

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Alyson.hiatt@yahoo.com

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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