If pasta is inferior good and if price of pasta increases

Assignment Help Business Economics
Reference no: EM13734893

If pasta is an inferior good and if the price of pasta increases, the income effect _____________ the quantity demanded, and the substitution effect ___________ the quantity demanded.

a) reduces; decreases

b) increases; increases

c) reduces; increases

d) increases; decreases

e) does not affect; does not affect

Reference no: EM13734893

Questions Cloud

Write an essay on global warming terrifying new math : Choose either Thearticle posted below: "Global Warming's Terrifying New Math" by the climate leader Bill McKibben (who is coming to San Diego to speak on Wed the 19th.
Applying the concepts of diminishing marginal utility : The government wants to make Medicare benefits available to more people, but to achieve this goal, it needs to make cuts in the existing Medicare budget. The two areas where they are considering cuts are non-essential elective surgery and 6-12 month ..
Explain what ferguson characterizes : Explain what Ferguson characterizes as bad financial practices across the globe - Explain the events that led to the sub-prime mortgage crisis.
Minnesota department of health qi project : The Final Presentation will culminate your research and work from throughout the course with your Week Five Final Proposal.  Your Final Presentation should align with your Final Proposal, as though you were presenting the proposal elements to a gr..
If pasta is inferior good and if price of pasta increases : If pasta is an inferior good and if the price of pasta increases, the income effect _____________ the quantity demanded, and the substitution effect ___________ the quantity demanded.
How is the level of private equity fund-raising : Why are there extreme disparities in performance among private equity funds relative to disparities in performance among other asset classes and Why do subsequent funds tend to outperform their predecessors
Create a break-even analysis based on your average sale : Lastly, create a break-even analysis based on your average sale based on the following numbers: Fixed cost per year - $500,000
Decision in finding the right candidate : Today, social media is playing a major role in the selection process. How would the use of such tools as LinkedIn, Twitter, Facebook and others impact your decision in finding the right candidate and why would you select such tool(s)? What would b..
Compare the outline to that of a third-party approach : Compare the outline to that of a third-party approach. Explain the importance of trusting the process.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Explain how a bill become a law in order

Explain how a bill become a law in order.the bill goes back to the floor of the senate for consideration. the house committee, compairised of members from both houses of congress,works outany differences concerning the bill.

  Elucidate what could be done to encourage people to spend

Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and invariably, create employment possibilities.

  Graph the simplified version

The problem is that even though you have assigned values of a,b,c, SN thinks that f is also a function of t, for which you have not assigned a value.

  Price elasticity of demand

operating deficit is asking should the transportation authority increase or decrease the price per ride based upon the price elasticity of demand.

  How does ecology and sovereignty collide

How does anarchy lead to a focus on consensus and give power to veto states and coalitions? How does ecology and sovereignty collide?

  What are best national bank reserves needed

Gigantic State University indicate that over the past twenty years tuition and enrollment have both increased. From this information. What are Best National Bank's reserves, needed reserves, and excess reserves.

  Elucidate possible nash equilibria in pure strategies

Draw the payoff matrix for this game. Elucidate any possible Nash equilibria in pure strategies for this game.

  Annual investments in a fund

Suppose you make 30 annual investments in a fund that pays 4% compounded annually. If your first deposit is $6,000 and each successive deposit is 4% greater than the preceding deposit, how much will be in the fund immediately after the thirtieth depo..

  Suggests a methodology for recommending a solution

Draft a research proposal to identify the problem also suggests a methodology for recommending a solution.

  Q you read in a business magazine that computer firms are

q. you read in a business magazine that computer firms are reaping high profits. assume that the computer market is

  Compute the revised slope

Compute the revised slope of the AE cure and the multiplier when you know that the imports and the marginal tax rate

  Impact on equilibrium price would be ambiguous

Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd