--%>
Assignment Help - homework help

Problem of Income Effects on paychecks

I have a problem in economics on Income Effects on paychecks. Please help me in the following question. Whenever prices are increased and your paycheck does not alter the purchasing power of your pay refuses. This is an instance of the: (1) Substitution effect. (2) Market equilibrium. (3) Income effect. (4) Dissatisfaction effect.

Choose the accurate one from the above.

   Related Questions in Microeconomics

  • Q : Monopsonistic-Wage Discrimination

    Whenever an organization’s wage structure reflects the keenness of individual staff to work, terms which are most applicable comprise: (p) Monopsonistic exploitation & wage discrimination. (q) Monopolistic exploitation and the separation of possession and co

    		•
  • Q : Problem on facing comparable risks in

    When a firm experiences an accounting profit which is less than the normal profit realized by the firms of comparable size and facing the comparable risks, the firm: (i) Has failed to compute the implicit costs. (ii) Should be facing entry barriers to the industry. (i

    		•
  • Q : Price of a Financial Asset When the

    When the price of a financial asset of price $10,000 and the interest rate is 10 percent, investment is NOT justified for: (w) a perpetuity paying $1,000 annually. (x) an asset paying respectively as $5,000, $4,000, a

    		•
  • Q : Cross-elasticity of demand

    Cross-elasticity of demand: The receptiveness of demand to modifications in prices of associated goods is termed as cross-elasticity of demand (i.e., associated good

    		•
  • Q : What is the sum of market demand for a

    I have a problem in economics on what is the sum of market demand for a good. Please help me in the following question. The other things constant, market demand for the good is a sum of: (i) Firm’s utility-maximizing decisions. (ii) Amounts dema

    		•
  • Q : Price floor for Whopper Slushees The

    The government price floor for Whopper Slushees at P3 would result a: (i) shortage of Q1 – Q3. (ii) Excess of Q3 - Q1. (iii) Supply price of P1. (iv) Quantity demanded of Q2. (v) Demand price of P2.

    Q : Caveat emptor-Laws and Regulations The

    The Caveat emptor is a prehistoric legal doctrine mainly based on the idea that buyer: (1) Are the finest judges of the value that they will receive when they purchase. (2) Must receive money back guarantees when products are flawed. (3) Need governme

    		•
  • Q : Condition for long-run equilibrium

    Which of the given is NOT a condition for long-run equilibrium into a purely competitive market: (w) P = MC (x) MR = MC (y) P = LRAC (z) TFC = TC Can anybody suggest me the proper explanation for given problem rega

    		•
  • Q : Break-even level of income The

    The break-even level of income for four member of family under the negative income tax system demonstrated in this figure is: (1) $15,000 per year. (2) $30,000 per year. (3) $45,000 per year. (4) $60,000 per year. (5) $75,000 per year

    		•
  • Q : Problem on Boycotts People who reject

    People who reject to purchase the products of a firm whose actions they condemn, especially when such rejection is intended to support the employees who are on strike, and who urge others to not purchase such products, or to not deal with these firms, are engaged in a

    		•