The cross-price elasticity of demand for generic brand pasta, an inferior good, would be expected to be less than zero
Indicate whether the statement is true or false
F
You might also like to view...
Julie's demand curve for video downloads is downward sloping because as the price of a download decreases, ________ and she watches ________ videos
A) the slope of her budget line changes; fewer B) her budget line shifts inward; fewer C) the slope of her budget line changes; more D) her budget line shifts outward; more
In the Keynesian aggregate consumption-income graph, the vertical distance between the consumption function and the 45-degree line shows the:
a. amount of savings (or dissavings) at that level of disposable income. b. amount of disposable income at that level of consumption. c. increase in planned business investment at each level of inflation. d. increase in income that causes each change in real GDP.
A new Mexican restaurant opens in the city of Manchester. The other restaurant owners are not happy about this new restaurant because they are experiencing what externality?
The "primary motive" of regulators, according to the share-the-gains, share-the-pains theory, is to
A) maximize their income through accepting monetary payoffs from groups. B) ensure that every group gets what it wants. C) ensure that all customers share the benefits of regulation, and not just the wealthiest consumers. D) keep their jobs.