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 65 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
:D TYSM

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ... Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ...
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
Apply thumb pressure to points along the spine bilaterally from superior or inferior. Keep your ... Apply thumb pressure to points along the spine bilaterally from superior or inferior. Keep your ...
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Inferior aspect of brain Inferior aspect of brain
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library