« previous next »

Author Question: A consumer's switch to another similar good when the price of the preferred good increases is termed ... (Read 72 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
A consumer's switch to another similar good when the price of the preferred good increases is termed the:
 a. income effect.
 b. substitution effect.
  c. utility effect.
 d. marginal effect.

Question 2

Social regulation means that the government dictates the price that a firm must charge and/or the quantity that a firm must supply.
 a. True
  b. False
  Indicate whether the statement is true or false


tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Species richness increases with island size. Species richness increases with island size.
(a) Homologous traits are similar due to shared ancestry. (b) Analogous traits (bats’, birds’, and f (a) Homologous traits are similar due to shared ancestry. (b) Analogous traits (bats’, birds’, and f
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Older Adults Benefit from Good Nutrition and Physical Activity Older adults Older Adults Benefit from Good Nutrition and Physical Activity Older adults
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library