--%>
Assignment Help - homework help

Demand for a poorer good

Household’s demand for a poorer good tends to fall if: (1) Supplies of complementary goods increase. (2) Prices of alternate goods increase. (3) Family income rises. (4) Its own price drops/falls.

Can someone help me in getting through this problem.

   Related Questions in Microeconomics

  • Q : Absolute value of demand slope Since

    Since the price drop/falls and quantity demanded rises all along this demand curve for pizza, the absolute value of slope will be: (1) Is constant and elasticity falls. (2) Elasticity are constant. (3) Drop/falls and elasticity is constant. (4) Elasti

    		•
  • Q : Profit Maximization-Labor Markets

    When after hiring the very last worker, the organization’s profit is similar as it was prior to the last worker was hired, the firm must: (1) Hire more workers to raise the profit. (2) Layoff several workers to raise gain. (3) Not hire any more workers. (4) Shut

    		•
  • Q : Separation of the Economic Functions

    Separation of ownership or stockholders by control (management) into modern giant corporations tends to divide the economic functions of: (w) capitalists. (x) union leaders. (y) entrepreneurship. (z) bureaucrats. I

    		•
  • Q : NOT operating area of monopolistic firm

    Monopolistic competitors within long-run equilibrium do NOT operate where: is (1) MR = MC. (2) P = ATC. (3) P > MC. (4) MSB > MSC. (5) economic profits are realized. How can I solve my Economics

  • Q : Marginal cost of the service When

    When directory assistance adds to the variable costs of cell phone Company, in that case the efficient price for directory assistance from the vantage point of society as an entire would be: (w) zero. (x) one that covered the average

    		•
  • Q : Problem on Marginal resource costs Can

    Can someone help me in finding out the right answer from the given options. The synonymous words marginal factor costs or the marginal resource costs signify to the: (i) Cost incurred in generating an additional unit of capital. (ii) Cost to the resource owner of secu

    		•
  • Q : Unitary price elasticity demand For

    For Cournot’s Spring Water the demand has unitary price elasticity at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

    Q : System of Note-issue Name the System of

    Name the System of Note-issue in India. Answer: In India, the system of note-issue is the Minimum Reserve System. The RBI is needed to keep minimum reserves of Rs 2

    		•
  • Q : Specific market price The difference

    The difference among maximum amount which consumers would willingly pay for a particular quantity of a good and the amount they really pay at a specific market price is termed as: (i) Discount rate. (ii) Mark-up factor. (iii) Familial gains. (iv) Hous

    		•
  • Q : Federal minimum wage rose over

    The LEAST likely outcome, when the federal minimum wage is increased $1 over the equilibrium wage rate, that would be for the: (w) unemployment rate of teenagers and unskilled workers to rise. (x) quantity of unskilled workers supplie

    		•