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 117 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
Wow, this really help

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

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.

Inferior orbital fissure Inferior orbital fissure
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Inferior view of distal ends of radius and ulna Inferior view of distal ends of radius and ulna
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Neuron Type Animation

For a complete list of videos, visit our video library