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

Author Question: If renting videos is an inferior good, demand for this service will rise when consumer income falls. ... (Read 81 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
If renting videos is an inferior good, demand for this service will rise when consumer income falls.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If people buy more of a generic brand when consumer income falls, it is an inferior good.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

patma1981

  • Sr. Member
  • ****
  • Posts: 292
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


Jipu 123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

What makes tea so good What makes tea so good
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
Tag identify that the power has been removed and service work is being done. Tag identify that the power has been removed and service work is being done.
Apply thumb pressure to points along the spine bilaterally from superior or inferior. Keep your ... Apply thumb pressure to points along the spine bilaterally from superior or inferior. Keep your ...
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Video: Deglutition

For a complete list of videos, visit our video library