« previous next »

Author Question: Because Product X has a large positive income elasticity, it is likely that the product A) has ... (Read 67 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
Because Product X has a large positive income elasticity, it is likely that the product
 
  A) has many good substitutes.
  B) has few good complements.
  C) is a necessity.
  D) is a luxury.

Question 2

In a graph, a line has a negative slope if
 
  A) the line is vertical.
  B) the line is horizontal.
  C) the line rises from right to left.
  D) the line rises from left to right.


Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

(a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest (a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Closed and Open Food Product Dating Closed and Open Food Product Dating
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
To find the derivative use product rule To find the derivative use product rule
The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ... The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ...
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library