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
s2008m [1.1K]
3 years ago
9

Which of the following events would cause both the equilibrium price and equilibrium quantity of number two grade potatoes to in

crease if number two grade potatoes are an inferior good? a. an increase in consumer income b. a decrease in consumer income c. greater government restrictions on agricultural chemicals d. fewer government restrictions on agricultural chemicals
Social Studies
1 answer:
Pepsi [2]3 years ago
6 0

Answer:

The correct answer is option b.

Explanation:

If number two grade potatoes are an inferior good, a decrease in the consumer income will cause its equilibrium price and quantity to increase.  

Inferior goods have negative income elasticity, this implies that their demand is inversely related to change in income.  

So, a decrease in income will increase the demand for two grade potatoes. This will cause the demand curve to shift to the right. This rightward shift in the demand curve will increase both the equilibrium quantity as well as the equilibrium price.

You might be interested in
What does it mean to have a life so full that hope was not necessary and therefore forgotten?
Ne4ueva [31]
It means that the person has alot of love and has lived there live that they dont need hope it was a asset to them
3 0
3 years ago
A. Tick (v) the correct option.
NNADVOKAT [17]

Answer:

C

Explanation:

amoghavarsha was the aurhor of kaviragamara

6 0
3 years ago
Read 2 more answers
Congress tried to permanently protect civil rights for all African American by passing-
irinina [24]

Answer:

i think it is c

Explanation:

sorry if i wrong

7 0
3 years ago
Read 2 more answers
Cuando se deja de patrocinar un producto o servicio se dice que es un
kotegsom [21]

Answer:

A. boicot

Explanation:

Boicot se refiere a la eliminación del marketing de un producto o servicio debido a la obstaculización a propósito del funcionamiento exitoso de éste.

Cabe destacar que el boicot está relacionado con la moral o ética, es decir, se prohíbe o se elimina el patrocinio del producto por un acto no apropiado. Por ejemplo, un patrocinador se niega a continuar el contrato con cierta empresa debido a que ésta realizó un tipo de actividad no ética o reprobable. Esto se realiza generalmente para intentar corregir este acto no ético.

4 0
3 years ago
At which position would a cat on Earth have least amount of pull due to gravity? in a plane flying above Earth in a cat bed on t
Yanka [14]

Answer:

On the plane

Explanation:

Because the farther away an object is from the Earth, the less gravitational pull the Earth has on them. Remember, the two things that affect gravity is mass and distance.

8 0
3 years ago
Read 2 more answers
Other questions:
  • The practice of "gift giving" between the parties to a business negotiation is considered right and proper behavior in many asia
    8·1 answer
  • Why are places with Mediterranean climates popular vacation spots
    15·1 answer
  • In an interview probing questions:
    12·1 answer
  • Elections for state and national offices are conducted on a partisan basis meaning candidates must be —
    13·1 answer
  • Spanish has three main interests in the new world?
    5·1 answer
  • _________ is an internationally recognized "missing child" safety program in the United States (and Canada), originally created
    6·1 answer
  • Inspired by modernization theory, assistance programs to less-developed nations during the 1950s and 1960s
    6·2 answers
  • The 9 saints of christianity
    13·2 answers
  • Which of the following was not one of Jefferson's policies? *
    6·1 answer
  • Juan seems to thrive on changing jobs, is artistic, and likes to try new things. He would be rated high on the personality dimen
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!