--%>
Assignment Help - homework help

Demand when price of good or resource drops

When the price of a good or resource drops, the demands for: (i) That good or resource raise. (ii) Complementary goods or resources reduce. (iii) Substitute goods or resources reduce. (iv) Luxury goods and inferior resources drop.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Define Size Anomaly Size Anomaly : The

    Size Anomaly: The size effect terms to the negative relation among security returns and the market value of the common equity of a firm. The coefficient on size has extra explanatory power than the coefficient on beta in explaining the cross section o

    		•
  • Q : Determine annual interest rate If all

    If all US Treasury bonds are perpetuities that annually pay the sum of one thousand and 00/100 dollars [$1000] each year, always, to the holder of this bond starting one year from today and if the current market price of such bond wer

    		•
  • Q : Adverse Selection-Disadvantage side

    Princess Fiona is planned to marry Lord Farquad, yet she has not informed him that she turns to an ogre at mid-night. Though, she decides to go ahead with the marriage and hide her secret, for she doesn’t want to upset her husband to be. In this condition, Lord

    		•
  • Q : Good illustration of oligopoly The

    The tobacco industry within the United States is a good illustration of: (1) monopoly. (2) pure competition. (3) oligopoly. (4) corporate responsibility. (5) duopoly. I need a good answer on the topic of Economics

  • Q : Make economic profits by

    A profit-maximizing monopolist will certainly be capable to generate economic profits when, at certain level of output: (w) average fixed costs [AFC] are very high. (x) average total costs [ATC] lies above the demand curve. (y) averag

    		•
  • Q : Asymmetric Information Can someone help

    Can someone help me in finding out the right answer from the given options. The employer who amplifies the safety of a place or prospects for advancement to the job applicants makes inefficiencies (or arguable inequities) since of: (1) Signaling. (2) Credentialism. (3

    		•
  • Q : Problem regarding Substitution of goods

    When tuna fish ice cream and licorice gummy bears are substitutes, then: (1) Decline in the price of licorice gummy bears raises the demand for tuna fish ice-cream. (2) The demand for tuna fish ice-cream is independent of price of licorice gummy bears. (3) Consuming m

    		•
  • Q : Problem on national income Can someone

    Can someone help me in finding out the accurate answer from the given options. In short run, the demand for a normal good increases when: (i) Income become less uniformly distributed. (ii) The prices of complementary goods increase. (iii) National income mounts. (iv)

    		•
  • Q : Problem on opportunity cost of consumer

    Refer to the given table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:

  • Q : Value of Nonhuman Wealth The most

    The most unequally variable distributed for U.S. data would most likely be: (1) pre-tax and pre-transfer incomes 1929. (2) incomes after taxes and transfers 1975. (3) the value of nonhuman wealth 2005. (4) incomes after taxes and transfers 2005. (5) incomes before tax

    		•