« previous next »

Author Question: Which of the following statements best describes a normal good? A) A normal good is a good that ... (Read 137 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Which of the following statements best describes a normal good?
 
  A) A normal good is a good that is rationed by the government.
  B) A normal good is a good that is readily available in the market.
  C) A normal good is a good whose supply increases as its price decreases.
  D) A normal good is a good whose demand increases with an increase in consumers' income.

Question 2

Which of the following is likely to cause flour mills to increase their demand for labor?
 
  A) A decrease in the wage rate
  B) An increase in the wage rate
  C) An increase in the price of bread
  D) A decrease in the price of flour products


skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Normal male karyotype Normal male karyotype
Inline four-cylinder engine showing principal and nonprincipal ends. Normal direction of rotation is ... Inline four-cylinder engine showing principal and nonprincipal ends. Normal direction of rotation is ...
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Carrots are a good source of vitamin A Carrots are a good source of vitamin A
This image shows a normal third-trimester fetal brain This image shows a normal third-trimester fetal brain
A comparison of a normal erythrocyte with sickle-cell anemia A comparison of a normal erythrocyte with sickle-cell anemia
Video: Structure of Amino Acid, Peptide Bonds & Polypeptides

For a complete list of videos, visit our video library