This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The income elasticity of demand for bicycles is +10, which implies that bicycles are A) an ... (Read 171 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jun 29, 2018
The income elasticity of demand for bicycles is +10, which implies that bicycles are
 
  A) an inferior good.
  B) a normal good.
  C) a substitute good for motorbikes.
  D) a complement good for motorbikes.

Question 2

If the marginal social cost of a good equals the marginal private cost of the good, then the marginal external cost of the good
 
  A) is zero.
  B) equals the marginal social cost.
  C) equals the marginal social benefit.
  D) equals the marginal private benefit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jun 29, 2018
Gracias!

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Determination of Income Inequality Determination of Income Inequality
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: T cell receptors

For a complete list of videos, visit our video library