Author Question: How does an increase in income affect the market for iPads (normal good)? a. The demand curve for ... (Read 120 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?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

For a complete list of videos, visit our video library