« previous next »

Author Question: The quantity demanded of good X falls by 20 and, in response, your income goes down by 10 and, the ... (Read 313 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jul 1, 2018
The quantity demanded of good X falls by 20 and, in response, your income goes down by 10 and, the income elasticity of demand would be:
 a. 2
 b. 4
 c. .5
 d. .20

Question 2

What is the equilibrium payoff for the stores?
 a. Megastore 95 and Superstore 80
 b. Megastore 305 and Superstore 55
  c. Megastore 65 and Superstore 285
  d. Megastore 165 and Superstore 115


jamesnevil303

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The average adult has about 21 square feet of skin.

Spatial and Response Strategies Spatial and Response Strategies
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
The humoral and cellular immune response. At the left is the humoral (or B-cell mediated); at the ... The humoral and cellular immune response. At the left is the humoral (or B-cell mediated); at the ...
potatoes as a very good source of vitamin B6 potatoes as a very good source of vitamin B6
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
The CRISPR/Cas system mediates an adaptive immune response in prokaryotes The CRISPR/Cas system mediates an adaptive immune response in prokaryotes
Video: Nucleic acid digestion - brush border enzymes, end products & transport mechanism

For a complete list of videos, visit our video library