« previous next »

Author Question: The impact of a 200 increase in income on quantity demanded would be called an income effect. a. ... (Read 72 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jul 1, 2018
The impact of a 200 increase in income on quantity demanded would be called an income effect.
 a. True
  b. False

Question 2

The substitution effect of a price change describes what happens to the shift in demand for a good when its price changes.
 a. True
  b. False


Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Laparoscopy. A lighted endoscope specialized for insertion into the abdomen, called a laparoscope, i Laparoscopy. A lighted endoscope specialized for insertion into the abdomen, called a laparoscope, i
Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
With the research technique called brainbow, each neuron is labeled with a different color, ... With the research technique called brainbow, each neuron is labeled with a different color, ...
Effect of Landfall Effect of Landfall
Friction significantly influences airflow near Earth’s surface, but its effect is negligible at ... Friction significantly influences airflow near Earth’s surface, but its effect is negligible at ...
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Video: Enzyme-Catalyzed Reactions

For a complete list of videos, visit our video library