1. Average consumer income increases by 5%. Which of the following must be true for a normal good?
A. The demand for the good increases by 5%
B. The demand for the good decreases
C. The demand for the good does not change
D. The quantity demanded for the good increases
E. The quantity demanded for the good decreases

2. If the cross-price elasticity of demand between goods X and Y is 1, which of the following must be true?
A. Both goods have unit elastic supply.
B. An increase in the price of good X leads to a decrease in the quantity demanded of good Y.
C. They are substitutes.
D. A percent change in the price of good X is matched by an equal change in the price of good Y.
E. They are both normal goods

3. Which of the following is essential to measure the elasticity of supply ?
A. A percentage change in quantity
B. The price of the good
C. The particular unit of measurement for the good in question
D. A complete schedule for every possible combination of price and quantity
E. Whether the good is normal or inferior

4. Which statement is true if the quantity demanded of a good decreases by 10% while consumer incomes increase by 2%?
A. The income elasticity of demand is -20, and the good is inferior.
B. The income elasticity of demand is and the good is inferior.
C. The income elasticity of demand is 0.2, and the good is normal.
D. The income elasticity of demand is 5, and the good is inferior.
E. The income elasticity of demand is 20, and the good is normal.

5. An increase in the price of Good A by 20 percent results in a decrease in the quantity demanded of Good B by 2 percent. Goods A and B
A. are complements with a cross -price elasticity of demand of -0.1
B. are unrelated goods
C. are substitutes with a cross-price elasticity of demand of 40
D. are complements with a cross- price elasticity of demand of 10
E. are substitutes with a cross-price elasticity of demand of -10

Answers

Answer 1

Answer:

1. D

2. C

3. A

4. B (I assume the answer is -5 that you are missing)

5. A

Answer 2

If average consumer income increases by 5%. the thing which must be true for a normal good is:

D. The quantity demanded for the good increases

If the cross-price elasticity of demand between goods X and Y is 1, then the answer choice which must be true is:

C. They are substitutes

The answer choice which is essential to measure the elasticity of supply is:

A. A percentage change in quantity

The statement which is true if the quantity demanded of a good decreases by 10% while consumer incomes increase by 2% is:

B. The income elasticity of demand is and the good is inferior.

If there's an increase in the price of Good A by 20 percent results in a decrease in the quantity demanded of Good B by 2 percent., then Goods A and B are :

A. Complements with a cross -price elasticity of demand of -0.1

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Related Questions

Which of the following most accurately describes the brain during sleep?
A.
The brain goes dormant and does not emit brain waves.
B.
The brain remains active and emits brain waves.
C.
The brain goes dormant and emits brain waves.
D.
The brain remains active and does not emit brain waves.

Answers

Answer:

B- The brain remains active and emits brain waves    :)

Explanation: The brain remains active and emits brain waves

Answer:

B

Explanation:

Took the quiz a few weeks ago and the same question is on my cumulative exam.

What type of outcomes does prison represent (positive reinforcement, negative reinforcement, positive punishment, negative punishment)? Justify your answer.

Answers

Answer:

negative punishment

Explanation:

Punishment  (positive or negative) decreases the chances that a particular behavioral reoccurs.

Handing a prison sentence to anyone that offends the laws of the state is an example of negative punishment based on available research. This is because, serving a prison sentence makes it more likely that the convict will commit the same crime again.

While many experts in criminal justice have observed that many ex-convicts tend to re-offend, the principles of positive punishment for convicts have been set out by Peter B. Wood in his paper titled "Exploring the Positive Punishment Effect Among Incarcerated Adult Offenders

"; American Journal of Criminal Justice 31(2):8-22; 2007; .

In his submission;

"As the U.S. has pursued a policy of mass imprisonment for nearly  three decades, now boasts the highest incarceration rate in the world and returns  nearly 800,000 ex-convicts into our communities each year, more attention to this  issue is called for-particularly since it could be argued that, for many offenders,  criminal justice punishments promote future offending."

What is the function of an IRB?

Answers

Answer:

In accordance with FDA regulations, an IRB has the authority to approve, require modifications in (to secure approval), or disapprove research. This group review serves an important role in the protection of the rights and welfare of human research subjects.

Explanation:

Answer:

The purpose of an IRB review is to assure, both in advance and by periodic review, that appropriate steps are taken to protect the rights and welfare of humans participating as subjects in the research.

Explanation:

Did it become more or less difficult to classify organisms as you moved down the taxonomy levels (Ex. Which was easier: classifying an organism into its kingdom or species)? Why do you think this is true? Explain your answer.

Answers

Answer:

The farther I moved down the taxonomy levels it becomes harder because at the top the classifications in the domain or kingdom are very broad. The farther you move down the more specific and detailed the classifications get. Also, there are many different groupings from the family classification to the subspecies classification which makes it harder for one to classify because of the about of precision you need to classify and put an organism into which ever group it goes into.

Explanation:

The taxonomy levels because the organisms in each group are more similar as you proceed from kingdom to species, making it difficult. They are more closely linked, which explains why.

What do you mean by the taxonomy levels?

Behavioral, genetic, and biochemical variances serve as the basis for classification. Taxonomy involves the processes of characterization, identification, and categorization.

Similar categories, including kingdom, phylum, class, order, family, genus, and species, are used to classify organisms.

Because the classifications in the domain or kingdom are so vast at the top, it gets difficult as I move down the taxonomy levels. The classifications become increasingly precise and in-depth as you descend.

Therefore, the taxonomy levels because the organisms in each group are more similar as you proceed from kingdom to species, making it difficult. They are more closely linked, which explains why.

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OSHA can't inspect every workplace. What kinds of workplaces does OSHA target to do its job?

Answers

Answer:

A. Industries with fatalities and serious injuries

 Explanation:

OSHA is an agency of the United States government that helps to ensure that people have safe working conditions by requiring companies to maintain standards and provide training. The inspections this agency does help to reduce accidents and injuries in the workplace. OSHA has had the goal to watch for employers that don't comply with the standards required and they focus on companies that have a record of violations and incidents. Because of this, the answer is that OSHA targets industries with fatalities and serious

Answer:

The answer is that OSHA targets industries with fatalities and serious injuries.

Explanation:

HELP URGENT WILL GIVE BRAINLIEST IF CORRECT

Answers

Answer:

D

Explanation:

A is an example of personification rather than imagery. B and C are simply not applicable.

What does the word boom suggest about these towns? What does it suggest about the effect of migration and western expansion?

How did mining lead to statehood for many states in the West?

Do you think the American West would have been settled as quickly if the United States had remained a farming nation after the Civil War?

What conditions combined in the 1860s to make raising cattle on the Great Plains profitable?


Can someone answer these right quick?!!

Answers

Answer:

I don't know all of it, but I know that for the first part, they "boomed" for a while (we're popular), and became less and less popular, until they were deserted.

Explanation:

high quality papers never include creative elements or focus on well written content
T/F

Answers

Answer:

False

Explanation:

Good papers need creative elements and well written content or they would be all strange and poorly executed.

The correct answer is false

REPHRASE THE BELOW PARAGRAPH IN SIMPLE WORDS :

Bullying is the most common type of relational and interpersonal brutality teenagers in school and school-based or related activities.

plz fast

Answers

if you see someone bully someone then you should say something or get a teacher

Why is it important to use information from multiple sources in an essay? A. It proves that there are no existing counterclaims to your argument. B. It allows the reader to scan your essay more quickly. C. It shows the reader that you've researched multiple points of view to support your claim. D. It shows the reader that you've put more work into your writing than they have.

Answers

Answer:

Answer: C.  It shows the reader that you've researched multiple points of view to support your claim.

Explanation:

When you have several sources of information to support your answer, your response is stronger. It is harder to craft a counterargument against someone with multiple reliable sources rather than one source of dubious origin and reliability.

It is important to use information from multiple sources in an essay It shows the reader that you've researched multiple points of view to support your claim. The correct option is (C).

Information from multiple sources helps in the understanding of the topic. As well you can present your essay in an elaborate way to help the reader understand. The fact-check process as well as inclusive writing is done when we use multiple sources.

It is also good for a writer to use various sources if the writer is not well favorable to the topic. Also, can provide a good understanding to its readers. Well-researched and good-language-oriented essay writing attracts large audiences.

Hence, the correct option is (C).

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WHO DO YOU VOTE FOR! i vote for biden
`there are no right or wrong answers i just want to know`

Answers

Answer:

Statistically, Biden is going to win

Explanation:

What social problems regard to the killing of Karen wood?

Answers

Answer:

Explanation:

Twenty years ago today, in a quiet backyard in Hermon, a hunter fired two shots that still reverberate in the minds of Mainers. A young mother of twin girls, Karen Wood, lay dead. Game wardens arrested Bangor hunter Donald Rogerson.

A husband had lost his wife. Two children had lost their mother. A hunter and his family saw their peaceful, structured lives descend into turmoil.

And as the national media descended upon Maine to tell the tragic story, an entire state lost its innocence.

No longer was Maine a quaint, quiet place to raise a family. Instead, in some circles the state was portrayed as a place where homeowners weren’t safe in their own backyards, where hunters were given carte blanche to shoot at will, and where shooting victims were blamed for contributing to their own deaths.

Twenty years later, Kevin Wood, the victim’s husband, is in Iowa. He has remarried. His twin daughters are in college.

Donald Rogerson still lives in Bangor with his wife. He’s a proud grandfather.

The social issue that can be picked from the death of Karen Wood is the lack of proper legislation on hunting activities.

In 1991, there was a hunter who fires shots and this led to the death of Karen Wood. The hunter who was Donald Rogerson was arrested by the game wardens.

Donald Rogerson was a deer hunter and his shot mistakenly led to the death of Karen Wood. The social issue in this case is a lack of proper legislation on hunting activities.

Hunting regulations would have been ideal as they will help prevent day hunting and in such a case, Karen Wood would not have died the way she did.

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Historically, 79% of credit card users carry a balance from month-to-month. A certain credit card company would like to study the spending patterns of its cardholders in more detail and to start the analysis, takes a random sample of 142 cardholders. What is the probability more than 75% of these cardholders are carrying a balance?
(Use 4 decimals.)

Answers

Answer:

Historically, 79% of credit card users carry a balance from month-to-month. A certain credit card company would like to study the spending patterns of its cardholders in more detail and to start the analysis, takes a random sample of 142 cardholders. What is the probability more than 75% of these cardholders are carrying a balance?

(Use 4 decimals.)

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