This topic contains a solution. Click here to go to the answer

Author Question: If the price of a good changes but everything else influencing suppliers' planned sales remains ... (Read 52 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
If the price of a good changes but everything else influencing suppliers' planned sales remains constant, there is a
 
  A) new supply curve that is to the right of the initial supply curve.
  B) new supply curve that is to the left of the initial supply curve.
  C) movement along the supply curve.
  D) rotation of the initial supply curve around the initial price.

Question 2

Which of the following statements is true about the income elasticity of demand?
 
  A) The income elasticity of demand for normal goods is always zero.
  B) The income elasticity of demand for inferior goods is always zero.
  C) The income elasticity of demand for normal goods is always positive.
  D) The income elasticity of demand for inferior goods is always positive.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

atrochim

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

C

Answer to Question 2

C




shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Jun 29, 2018
:D TYSM


patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library