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Author Question: If you spend a large portion of your income on a good, (Read 44 times)

Hungry!

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on: May 24, 2019
If you spend a large portion of your income on a good,
◦ supply of that good would be price elastic.
◦ demand for that good is more elastic than if you spent a smaller portion of your income on the good.
◦ supply of that good is price inelastic.
◦ demand for that good is less elastic than if you spent a smaller portion of your income on the good.
◦ the good must be able to be produced at a constant (or gently rising) opportunity cost.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Hungry! on May 24, 2019

stanleka1

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Reply #1 on: May 24, 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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Hungry!

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Reply #2 on: May 24, 2019
Excellent


stanleka1

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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