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

Author Question: If macaroni and cheese is an inferior good, an increase in income will A) not affect the demand ... (Read 44 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
If macaroni and cheese is an inferior good, an increase in income will
 
  A) not affect the demand for macaroni and cheese.
  B) decrease the demand for macaroni and cheese.
  C) increase the demand for macaroni and cheese.
  D) create no income effect.

Question 2

According to the intertemporal substitution effect, when the price level rises and other things remain the same
 
  A) the interest rate falls.
  B) the interest rate rises.
  C) the quantity of money increases.
  D) government taxes rise.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lin77x

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Sportsfan2111

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
Gracias!

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Inferior orbital fissure Inferior orbital fissure
Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ...
Income of Adult Children Compared With That of Their Parents Income of Adult Children Compared With That of Their Parents
Mac and cheese nutrition facts Mac and cheese nutrition facts
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 ...
Dominican Mamajuana with crackers and cheese Dominican Mamajuana with crackers and cheese
Video: Origin of organelles Animation

For a complete list of videos, visit our video library