The supply of aged cheddar cheese is inelastic, and the supply of bread is elastic. both goods are considered to be normal goods by a majority of consumers. suppose that a large income tax increase decreases the demand for both goods by 10%. refer to scenario 5-3. the change in equilibrium quantity will be:

And explain how you got it so i can understand future problems : 3

Consider this equation. |y + 6| = 2 what can be concluded of the equation? check all that apply. there will be one solution. there will be two solutions. the solution to –(y + 6) = 2 will be also be a solution to the given absolute value equation. the solution(s) will be the number(s) on the number line 2 units away from –6. the value of y must be positive since the variable is inside absolute value signs.

What is the value of m in the equation 1/2 m - 3/4n=16 when n=8