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Author Question: If the price of a normal good rises, the opportunity cost of that good rises and households buy less ... (Read 117 times)

sjones

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on: Apr 19, 2019

Question 1

Ignoring income effects, an increase in the wage rate will cause an increase in the quantity of labor supplied.


◦ true
◦ false

Question 2

If the price of a normal good rises, the opportunity cost of that good rises and households buy less of the good.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by sjones on Apr 19, 2019

bpool94

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sjones

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

FergA

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Reply 3 on: Yesterday
:D TYSM

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