This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the price of a good changes but everything else influencing suppliers' planned sales remains ... (Read 51 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


shofmannx20

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

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

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?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

A melanistic jaguar at the Henry Doorly Zoo. Melanism is the result of a dominant allele and remains A melanistic jaguar at the Henry Doorly Zoo. Melanism is the result of a dominant allele and remains
Bioarchaeologists and forensic anthropologists use archaeological excavation techniques to recover r Bioarchaeologists and forensic anthropologists use archaeological excavation techniques to recover r
To help make good electrical contact with the terminals without doing any harm, select the ... To help make good electrical contact with the terminals without doing any harm, select the ...
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
Hormonal and nervous factors influencing blood pressure Hormonal and nervous factors influencing blood pressure
Video: Acid-base imbalances - metabolic acidosis and alkalosis

For a complete list of videos, visit our video library