Describe inferior goods in economics
Inferior goods in economics: Inferior goods refer to such goods whose demand reduces with the rise in income of consumer.
A constant elasticity demand curve as: (w) cannot be negatively sloped. (x) must be a straight line. (y) cannot be a negatively sloped straight line. (z) has a positive slope. I need a good answer on the topic of <
When governments compelled pharmaceutical producers to manufacture and sell at least Q3 penicillin, in that case the: (1) purely-competitive firms which produced penicillin would experience persistent economic profits. (2) resulting inadequate antibiotic tr
Monsieur Cournot has a monopoly on an artesian well from that flows tasty spring water along with medicinal properties. To ignore variable costs, he is adamants that customers bring their own pails and fill them individually. Unluckil
For identical level of guaranteed transfer payments, the earn income and incentive to work is probable to be: (w) greater with a negative income tax than with transfers in kind. (x) greater with transfers in kind than
Market interest rates for different financial assets are positively associated to the: (w) expected rate of inflation. (x) liquidity of the assets. (y) efficiency of financial intermediation. (z) preferences of people about consuming in the future ins
I have a problem in economics on Resolving principal-agent problems. Please help me in the following question. Attempts to resolve the principal-agent problems among stockholders and top corporate managers (that is, CEOs) comprise: (i) Profit-sharing systems for the t
When planned savings are bigger or smaller than planned investment, then what will be its consequence on inventories? Answer: It will raise or reduce the inventorie
Can someone please help me in finding out the precise answer from the following question. Owners generally can’t lose more than their financial investments when a firm is a: (i) Proprietorship. (ii) Family business. (iii) Partnership. (iv) Corporation.
I have a problem in economics on demand-Purchasing goods. Please help me in the following question. The quantity of good consumers will purchase beneath different conditions are termed as consumer: (i) Requirements. (ii) Entitlements. (iii) Wants. (iv
Due to enhancement of technology, the marginal costs of televisions encompass vanished. How will it influence the supply curve of television? Answer: Supply curve w
18,76,764
1926376 Asked
3,689
Active Tutors
1426642
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!