pidgemaster24 pidgemaster24
  • 11-03-2022
  • Biology
contestada

Explain how the substitution affect in the income effect interact with changes in price to change the quantity demanded

Respuesta :

201200806
201200806 201200806
  • 11-03-2022

Answer:

For normal goods, the income effect and the substitution effect both work in the same direction; a decrease in the relative price of the good will increase quantity demanded both because the good is now cheaper than substitute goods, and because the lower price means that consumers have a greater total purchasing power.

Explanation:

Answer Link

Otras preguntas

what is the equation in point slope form for a line that passes through the point (2,-4) and is parallel to y=3x+2
Which of the following lithospheric plates is not included among the seven largest the Philippine plate
if a provision in the florida state constitution conflicts with a provision in the u.s. constitution
Modeling Radioactive Decay In Exercise, complete the table for each radioactive isotope. Am
Find the measure of LDBE:
What is the square root of -16?
The figure shows the scale drawing of a swimming pool.6 cmWidth9 cmLengthIf the width of the original swimming pool is 18 m, what is the actual area of the pool
Which of the following organisms would be most likely to be preserved in the geologic record? A) the bones of a dinosaur that lived on semi-arid plains B) a cla
Escoge la palabra correcta. Me gusta trabajar con motores y herramientas
Mary manages a data entry center. Workers sometimes play games on the internet, check their personal email, or go slow. According to efficiency wage theory to r