If you produce an inferior good and consumers' incomes are expected to increase, you should anticipate a ________ price for your product than the current equilibrium price and a ________ equilibrium quantity than the current equilibrium quantity.
A) higher; higher
B) higher; lower
C) lower; higher
D) lower; lower
D) lower; lower
You might also like to view...
Refer to the table below. What is the marginal return to labor from increasing employment from 8 to 9 workers?
A) -8 B) 3 C) 8 D) -3
Persons with the power to predict the future through messages and omens from the spirit world are termed __________
a. mediums b. shamans c. religious specialists d. diviners
Please write 2-3 sentences identifying the person, place, or thing in terms of age, location, and significance.The Magdalenian period
What will be an ideal response?
The Peyote Road refers to:
a. Interstate Highway 35, because it leads to the Texas counties where peyote grows. b. The rejection of "white values" by Native Americans. c. The code of living by which a Native American Church member guides his life. d. Living outside the law. e. The spiritual path that Ghost Dancers believed would lead to the disappearance of the Whites and the return of the Buffalo.