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Author Question: How does an increase in income affect the market for iPads (normal good)? a. The demand curve for ... (Read 122 times)

kfurse

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on: Jul 1, 2018
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

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


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kfurse

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Reply #2 on: Jul 1, 2018
Thank you :)


bookworm410

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Reply #3 on: Jul 1, 2018
Happy to help you


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