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Author Question: A recession occurs and people's incomes decrease. Knowing that an iPad is a normal good, you predict ... (Read 125 times)

penza

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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


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emily12345

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


penza

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Reply #2 on: Jun 29, 2018
Thank you


emily12345

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Reply #3 on: Jun 29, 2018
No problemo


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