« previous next »

Author Question: If consumers' incomes increase and the demand for bus rides decreases A) bus rides are a normal ... (Read 61 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
If consumers' incomes increase and the demand for bus rides decreases
 
  A) bus rides are a normal good.
  B) consumers are behaving irrationally.
  C) bus rides are an inferior good.
  D) none of the above.

Question 2

The real interest rate is found by dividing the nominal interest rate by the CPI. Is this statement true or false?
 
  What will be an ideal response?


allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The statement is false. The real interest rate equals the nominal interest rate minus the inflation rate, not divided by it.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Summation of Heart Sounds, Normal Physiological Split of S2 Summation of Heart Sounds, Normal Physiological Split of S2
Normal lung and one with emphysema. Normal lung and one with emphysema.
A high-performance aftermarket air filter often can increase airflow into the engine for more ... A high-performance aftermarket air filter often can increase airflow into the engine for more ...
Classic Supply - Demand Curve Classic Supply - Demand Curve
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library