The impact of a 200 increase in income on quantity demanded would be called an income effect. a. ...

Author Question: The impact of a 200 increase in income on quantity demanded would be called an income effect. a. ... (Read 46 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

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

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.