This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A good whose demand falls when people's incomes rise is called an inferior good. (Read 40 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: May 25, 2020

Question 1

If the price of one good goes up and the demand for another good goes down then economists call these two goods complements.
◦ true
◦ false

Question 2

A good whose demand falls when people's incomes rise is called an inferior good.
◦ true
◦ false
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by P68T on May 25, 2020

dajones82

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: May 25, 2020
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.
Answer Preview
Only 25% of students answer this correctly


P68T

  • Member
  • Posts: 509
Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Cardinal Fields of Gaze, Left Lateral Inferior Gaze Cardinal Fields of Gaze, Left Lateral Inferior Gaze
Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or
Earth Affects People; People Change Earth Earth Affects People; People Change Earth
Children’s interactions with older siblings may help promote an understanding of other people’s ... Children’s interactions with older siblings may help promote an understanding of other people’s ...
Vocational interests seem to be established well before adulthood, and young people of all ages ... Vocational interests seem to be established well before adulthood, and young people of all ages ...
U.S. suburbs were once unplanned, rambling affairs that took irregular shapes as people moved away ... U.S. suburbs were once unplanned, rambling affairs that took irregular shapes as people moved away ...
Video: Transmission Across a Synapse

For a complete list of videos, visit our video library