« previous next »

Author Question: The impact of a 200 increase in income on quantity demanded would be called an income effect. a. ... (Read 66 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?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

The effect of thyroid hormones on tadpole development The effect of thyroid hormones on tadpole development
Ceiling effect of aspirin. A plateau is reached where increasing the dose of aspirin will not create ... Ceiling effect of aspirin. A plateau is reached where increasing the dose of aspirin will not create ...
Effect of increasing temperature or lowering deltGo+ on the rates of reactions Effect of increasing temperature or lowering deltGo+ on the rates of reactions
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
The Effect of Using a Ratio Scale The Effect of Using a Ratio Scale
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library