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 116 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
YES! Correct, THANKS for helping me on my review

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

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.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Two mechanisms that affect cell shape and movement. Two mechanisms that affect cell shape and movement.
Women who are 65 and older have a lower median income from all sources than men in the same age ... Women who are 65 and older have a lower median income from all sources than men in the same age ...
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Video: Central Nervous System Animation

For a complete list of videos, visit our video library