Multiple Choice
Kayla and Jada are roommates in New York City.Both Kayla and Jada recently received raises.Kayla now purchases more mp3 albums online than before,but Jada buys fewer.Kayla behaves as if mp3 albums are _____ goods,and Jada's income elasticity of demand for mp3 albums is _____.
A) normal;positive
B) normal;negative
C) inferior;positive
D) inferior;negative
Correct Answer:
Verified
Correct Answer:
Verified
Q130: There are several close substitutes for Quaker
Q131: If a good is a necessity with
Q132: Use the following to answer question: <img
Q133: Suppose the price elasticity of demand for
Q134: If your purchases of good A remain
Q136: Suppose at $10 the quantity demanded is
Q137: Use the following to answer question: <img
Q138: A group of dairy farmers is trying
Q139: Given a price increase for any good,the
Q140: If total revenue goes up when the