1. Which of the following would increase demand for a normal good? A decrease in a. price....

Question:

1. Which of the following would increase demand for a normal good? A decrease in

a. price.

b. income.

c. the price of a substitute.

d. consumer taste for a good.

e. the price of a complement.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Krugmans Economics For Ap

ISBN: 9781429218276

2nd Edition

Authors: Margaret Ray, David A. Anderson

See More Books

Question Posted: Oct 03, 2024 05:02 AM

See More Questions

Hello! Need help with micro questions. Please list the letter that best answers the question and give a brief explanation as to why you pick that answer. Explanations can include mathematics, fully...
1 Which of the following will cause the demand for a normal good to increase? A decrease in consumers' income A decrease in the price of a complementary good A decrease in the price of a substitute...
Multiple choice questions: 1. Economists have found that, in the past decade, the real price of butter decreased. Which of the following would cause an unambiguous decrease in the real price of...
Consider the pistoncylinder arrangement shown in the sketch below. The gas forces on each side of the piston, assuming there are no frictional forces at the pistoncylinder interface, balance the...
What is finance?
Potential energy in the diamond structure (a) Show that for the diamond structure the Fourier component UG of the crystal potential seen by an electron is equal to zero for G = 2A, where A is a basis...
1. Which of the following would increase demand for a normal good? A decrease in a. price. b. income. c. the price of a substitute. d. consumer taste for a good. e. the price of a complement.
Stacy Yoo, president of Caremore, Inc., an appliance manufacturer in Seattle, Washington, has been trying to decide whether one of her product-line managers, Bill Mann, has been achieving the...
Davids Magic Stores has an operating profit of $260,000. Interest expense for the year was $31,000; preferred dividends paid were $34,500; and common dividends paid were $36,000. The tax was $53,800....
d. A sharp rise in the price of gasoline leads many commuters to join carpools in order to reduce their gasoline purchases.
2. A decrease in the price of butter would most likely decrease the demand for a. margarine. b. bagels. c. jelly. d. milk. e. syrup.
Refer to Short Exercise SI9-8. Elm Corp. desires a 25% target gross profit after covering all product costs. Considering the total product costs assigned to the Products C and D in Short Exercise...
Question: In Java, what is the significance of using the synchronized keyword in method declarations? A) It ensures that a method can only be accessed by one thread at a time, preventing simultaneous...
Question: What is the effect of using the volatile keyword in Java with respect to variables? A) It ensures that changes to a variable are immediately visible to all threads, preventing caching of...
Question: What does the transient keyword in Java do when applied to a variable? A) It indicates that the variable should not be serialized during the serialization process. B) It prevents the...
Question: How does the instanceof operator in Java determine if an object is an instance of a specific class or interface? A) It checks whether the object belongs to the specified class or implements...
Question: What will be the result of executing the following Java code if an object of a class implementing Runnable is passed to a Thread constructor and the start() method is called? A) The run()...
In a container of negligible mass, 0.0400 kg of steam at l00oC and atmospheric pressure is added to 0.200 kg of water at 50.0oC. (a) If no heat is lost to the surroundings, what is the final...
Given that all the choices are true, which one concludes the paragraph with a precise and detailed description that relates to the main topic of the essay? A. NO CHANGE B. Decades, X-ray C. Decades...

1. Which of the following would increase demand for a normal good? A decrease in a. price....

Question:

Step by Step Answer:

Krugmans Economics For Ap

Students also viewed these Business questions