Author Question: How does an increase in income affect the market for iPads (normal good)? a. The demand curve for ... (Read 55 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
How does an increase in income affect the market for iPads (normal good)?
 a. The demand curve for iPads shifts to the right
  b. The demand curve for iPads shifts to the left
  c. The supply curve for iPads shifts to the right
  d. The supply curve for iPads shifts to the left

Question 2

At a fair carnival roulette wheel, a player can either win 10, 30, or 80 . If it costs 40 to play, would an individual gain or lose from playing the game
 a. Gain
 b. Lose
 c. Breakeven-neither gain nor lose
  d. None of the above



bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

a

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

For a complete list of videos, visit our video library