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

Author Question: A recession occurs and people's incomes decrease. Knowing that an iPad is a normal good, you predict ... (Read 89 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jun 29, 2018
A recession occurs and people's incomes decrease. Knowing that an iPad is a normal good, you predict that the demand for an iPad
 
  A) increases.
  B) decreases.
  C) might increase or decrease.
  D) remains unchanged.

Question 2

Consumer sovereignty is the view that consumers have the right to choose ________ and the government should not interfere with these choices.
 
  A) which goods should be subsidized
  B) which goods they will consume
  C) the price that they will pay for a good
  D) which goods should be taxed


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


penza

  • Hero Member
  • *****
  • Posts: 1,022
Reply #2 on: Jun 29, 2018
Thank you


emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

onions taste good onions taste good
Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1 Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Sickled and normal red blood cells. Sickled and normal red blood cells.
Super Taster Tongue vs. Normal Super Taster Tongue vs. Normal
The time at which the mailman delivers the mail to Ace Bike Shop follows a normal distribution ... The time at which the mailman delivers the mail to Ace Bike Shop follows a normal distribution ...
Brain metabolism in a schizophrenic individual (left) and a normal individual (right). These scans o Brain metabolism in a schizophrenic individual (left) and a normal individual (right). These scans o
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library