1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slega [8]
3 years ago
15

Jane is a utility-maximizing consumer who is spending her entire budget on the optimal quantity of wallets and eyeglasses. The p

rice of wallets falls. Jane will _____ her consumption of wallets if wallets are a(n) _____ good and the income effect _____ the substitution effect.
a. increase; inferior;
b. is stronger than decrease; inferior;
c. is weaker than decrease; normal;
d. reinforces; increase;
e. normal; reinforces
Social Studies
1 answer:
skad [1K]3 years ago
7 0

Answer:

There is a missing part of the answer in all the options as there are three spaces to fill and only two part of the answers are provided in all the options.

Hence the correct answer would be ---

increase; normal; reinforces      

which may be considered as answer option e). normal; reinforces where 'increase' is missing.

Explanation:

              The utility-maximizing model is a model theory of a consumer which shows how consumers try to allocate their income money. It is believe that every customer is a rational being and try to get the optimized value for their money spent. Consumers' resources are limited so that their incomes are also limited. Consumers have budget constraint.

           According to the Utility Maximization theory, every consumers try to decide to spend their incomes so that the last pie spent on a product  yields an amount which is equal to the extra marginal utility.

           Thus a utility-maximizing consumer, Jane who is spending his income on wallets and eyeglasses will increase the purchased of wallets, when the price of the wall decreases, if the wallets are considered a normal good and the income effect of Jane will reinforces  the substitution effect.

Therefore the answer is ---

increase; normal; reinforces

You might be interested in
The study of how people use the resources available to them.
Vinil7 [7]

Answer:

a. you got it just wanted points

Explanation:

8 0
3 years ago
On November 5th, local time, at a music festival concert in Houston, Texas, countless people who didn't buy tickets broke throug
Nitella [24]

Answer:

Fans were excited and rushed over toward the front of the stage with a crowd of 50,000. Contact us today if you were injured while attending Astroworld.

Get Help Now

5 0
3 years ago
Read 2 more answers
Why did the Whitman's travel to Oregon territory?
mario62 [17]

Answer:

a

Explanation:

4 0
3 years ago
Read 2 more answers
When was it first known on earth that there would be a latter day restoration?
Novosadov [1.4K]
It first known when: <span>Prophets in all ages have foretold that latter-day Restoration of the gospel

Basically, almost every religion teach that at the end of the time, humans will be divided into those who are 'good' and those who are 'bad'. The promise of </span>latter-day Restoration is used by every religion to influence their believers that they need to keep doing the teachings of that religion because they can never know when will the restoration day come.
8 0
3 years ago
The power of police during the protest​
Shalnov [3]
I think it’s repression but i’m not sure
7 0
3 years ago
Other questions:
  • William Perry has done research that shows a transition in the way college students think. They go from a staunch need to have a
    15·1 answer
  • Steve is a white American whose family has lived in the United States for 200 years. During the Olympics, Steve cheers for Brita
    15·1 answer
  • According to the author of Hebrews, Jesus’ priestly duties were not performed in an earthly sanctuary, a mere copy of the heaven
    9·1 answer
  • If a bond for a capital project is issued at a premium then these funds are generally: A. Bonds do not sell at a premium, only a
    9·1 answer
  • The psychological conflict of middle childhood is resolved positively when experiences lead children to develop
    8·1 answer
  • The American Civil War ended in what year? A) 1857 B) 1861 C) 1865 D) 1877
    15·2 answers
  • The executives from Carlo Foods, United States, are in Japan to negotiate with Jeong, the head of a local investment firm. While
    7·2 answers
  • On June 24, 1948, the Soviet Union blockaded West Berlin from the rest of West Germany. How did the United States and the wester
    14·1 answer
  • what are the roles and functions of marriage, couple, and family counselors in a variety of practice settings and in relation to
    12·1 answer
  • The text states that a company that neglects its internal culture is likely to?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!