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

Author Question: A demand curve usually has a a. negative slope because price and quantity demanded are inversely ... (Read 68 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Jul 1, 2018
A demand curve usually has a
 a. negative slope because price and quantity demanded are inversely related
  b. negative slope because as price rises, demand falls
  c. positive slope because price and quantity demanded are positively related
  d. positive slope because price and quantity demanded are inversely related
  e. slope of zero because there is no change along a demand curve when everything else is held constant

Question 2

The income effect of an increase in the price of hominy grits (an inferior good) is a(n)
 a. decrease in the demand for hominy grits
  b. decrease in the quantity demanded of hominy grits
  c. increase in the demand for hominy grits
  d. increase in the quantity demanded of hominy grits
  e. new demand curve because everything else is no longer constant


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


scienceeasy

  • Member
  • Posts: 565
Reply 2 on: Jul 1, 2018
:D TYSM

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
Negative feedback mechanism. Negative feedback mechanism.
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Slope Question Slope Question
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library