Business

Business, 10.07.2019 20:30, comawhite7820

Suppose that a decrease in the price of good x results in fewer units of good y being sold. this implies that x and y are a. normal goods. b. inferior goods. c. complementary goods. d. substitute goods.

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Business, 02.09.2019 20:30, Natspams9143

Suppose that a decrease in the price of good x results in fewer units of good y being sold. this implies that x and y are a. substitute goods. b. normal goods. c. complementary goods. d. inferior goods. submit answer

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Business, 09.10.2019 19:30, deborah91

Aconsumer must spend all of her income on two goods (x and y). in each of the following scenarios, indicate whether the equilibrium consumption of goods x and y will increase or decrease. assume good x is a normal good and good y is an inferior good. a. income doubles. consumption of good x will decrease and consumption of good y will increase. consumption of good x will increase and consumption of good y will increase. nothing will happen to the consumption of either good. consumption of good x will increase and consumption of good y will decrease. b. income quadruples and all prices double. consumption of good x will decrease and consumption of good y will increase. consumption of good x will increase and consumption of good y will decrease. consumption of good x will decrease and consumption of good y will decrease. nothing will happen to the consumption of either good. c. income and all prices quadruple. consumption of good x will increase and consumption of good y will decrease. consumption of good x will increase and cons

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Business, 18.10.2019 23:00, julieariscar769

Assume that a 4 percent decrease in income results in a 6 percent increase in the quantity demanded of a good. the income elasticity of demand for the good is a. negative, and the good is an inferior good. b. negative, and the good is a normal good. c. positive, and the good is an inferior good. d. positive, and the good is a normal good.

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