An inferior good has a ________ elasticity of demand

A) positive income
B) negative income
C) negative cross
D) positive cross
E) negative price


B

Economics

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The highest incidence of those without health insurance occurs in which age category?

a. Under 18 years of age. b. 18-34 years of age. c. 35-44 years of age. d. 45-64 years of age. e. Over 65 years of age.

Economics

Suppose a bond sells for $2,000 and pays $200 per year in interest. What will happen to the current interest rate if the price of the bond changes to $1,800?

a. It decreases by 10 percentage points. b. It increases by 10 percentage points. c. It remains unchanged. d. It increases by 1 percentage point. e. It decreases by 1 percentage point.

Economics

Which of the following statements best describes how economic growth is represented in the AD/AS diagram?

a. In the AD/AS diagram, long-run economic growth due to productivity increases over time will be represented by a dramatic shift to the right of aggregate supply. b. In the AD/AS diagram, long-run economic growth due to productivity increases over time will be represented by a gradual shift to the right of aggregate supply. c. In the AD/AS diagram, short-run economic growth due to productivity increases over time will be represented by a dramatic shift to the right of aggregate supply. d. In the AD/AS diagram, short-run economic growth due to productivity increases over time will be represented by a gradual shift to the right of aggregate supply.

Economics

Economists expect the relationship between consumption and disposable income to be

a. unpredictable. b. transitory. c. fixed. d. inverse e. stable.

Economics