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

Author Question: For a normal good, the quantity demanded (Read 66 times)

M1ch3a

  • Full Member
  • ***
  • Posts: 130
on: Oct 12, 2022

Question 1

When national income falls, sales of vacation packages also fall, even at constant prices. This fact suggests that the ________ elasticity of demand for vacation packages is ________.
◦ cross; positive
◦ price; positive
◦ price; negative
◦ income; negative
◦ income; positive

Question 2

For a normal good, the quantity demanded
◦ rises when income falls.
◦ falls when income rises.
◦ rises when income rises.
◦ does not change when income rises or falls.
◦ responds inversely to changes in income.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by M1ch3a on Oct 12, 2022

ad2018

  • Full Member
  • ***
  • Posts: 189
Reply #1 on: Oct 12, 2022
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 49% of students answer this correctly


M1ch3a

  • Member
  • Posts: 130
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

The Configuration, Normal Pressures, and Oxygen Content of the Heart Chambers The Configuration, Normal Pressures, and Oxygen Content of the Heart Chambers
Normal Distribution of IQ Scores Normal Distribution of IQ Scores
Inline four-cylinder engine showing principal and nonprincipal ends. Normal direction of rotation is ... Inline four-cylinder engine showing principal and nonprincipal ends. Normal direction of rotation is ...
Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
Normal Red Blood Cells Normal Red Blood Cells
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library