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 127 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?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

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).

Comparison of normal-shaped erythro- cytes and the abnormal sickle shape noted in patients with sick Comparison of normal-shaped erythro- cytes and the abnormal sickle shape noted in patients with sick
Faith Ringgold, God Bless America, No. 13 from the series American People. Faith Ringgold, God Bless America, No. 13 from the series American People.
The homeostatic control of normal body temperature (37°C or 98.6°F). The homeostatic control of normal body temperature (37°C or 98.6°F).
An accessory belt tensioner. Most tensioners have a mark that indicates normal operating location. ... An accessory belt tensioner. Most tensioners have a mark that indicates normal operating location. ...
Mammograms. (A) Mammogram procedure. (B) Film of normal breast. (C) Film of breast with tumor. Mammograms. (A) Mammogram procedure. (B) Film of normal breast. (C) Film of breast with tumor.
The traditional human karyotypes derived from a normal female and a normal male The traditional human karyotypes derived from a normal female and a normal male
Video: Regulation of GFR: three methods, autoregulation & autoregulation via myogenic mechanism

For a complete list of videos, visit our video library