Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

The income of a consumer decreases and the consumer's demand for a particular good increases. It can be concluded that this good is q ,

The income of a consumer decreases and the consumer's demand for a particular good increases. It can be concluded that this good is

q,

A substitute.

A normal good.

A complement.

An inferior good.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Econometric Time Series

Authors: Walter Enders

4th Edition

1118808568, 9781118808566

More Books

Students also viewed these Economics questions

Question

★★★★★

Consider the following problem. Maximize Z = c1x1 + c2x2 + c3x3, Subject to and x1 ¥ 0, x2 ¥ 0, x3 ¥ 0. Note that values have not been assigned to the coefficients in the objective...

Answered: 1 week ago

Question

★★★★★

Los siguientes datos se relacionan con el plan de pensin de beneficios definidos de Voltaire Company: ($ en millones) Activos del plan a valor razonable, 1 de enero $ 800 Rendimiento esperado de los...

Answered: 1 week ago

Question

★★★★★

Prepare for employment by identifying your interests, evaluating your assets, recognizing the changing nature of jobs, choosing a career path, and studying traditional and electronic job-search...

Answered: 1 week ago

Question

★★★★★

CEO was convinced by his employee, M. Ploy, that a coworker, A. Cused, had been stealing money from the company. At lunch that day in the company cafeteria, CEO discharges Cused from her employment,...

Answered: 1 week ago

Question

★★★★★

The income of a consumer decreases and the consumer's demand for a particular good increases. It can be concluded that this good is q , A substitute. A normal good. A complement. An inferior good.

Answered: 1 week ago

Question

★★★★★

what were the victim's role and rights within the legal system in the Ted Bundy's Case. how were forensic psychologists used in this specific case, and what are the ethics of such involvement? What...

Answered: 1 week ago

Question

★★★★★

The balance in the prepaid rent account before adjustment at the end of the year is $15,000, which represents five months' rent paid on December 1. The adjusting entry required on December 31 is...

Answered: 1 week ago

Question

★★★★★

What are some benefits of social networking? Select all that apply. Responses can introduce you to potential romantic partners can introduce you to potential romantic partners a boss may hear about...

Answered: 1 week ago

Question

★★★★★

Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours....

Answered: 1 week ago

Question

★★★★★

Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★

In 3-5 sentences, list your favorite tool from the course lean six sigma green belt and how it could be applied in a real-life situation.

Answered: 1 week ago

Question

★★★★★

10-18 Do you think Zagats decision to use a pay wall for its Web site was a mistake? Why or why not? Founded by Tim and Nina Zagat, the Zagat Survey has collected and published ratings of restaurants...

Answered: 1 week ago

Question

★★★★★

Explain the origins of human resources (HR) and their development over the last 100 years.

Answered: 1 week ago

Question

★★★★★

10-17 Why was Zagats content well suited for the Web and for the mobile digital platform? Founded by Tim and Nina Zagat, the Zagat Survey has collected and published ratings of restaurants by diners...

Answered: 1 week ago

Previous Question Next Question