--%>

Yield behaviour conflicting law of demand

Which of the given statements, if true, seems most probable to yield behavior which would conflict with the law of demand? (i) People cannot afford to drive as much whenever the price of gasoline goes above $3.00 per gallon. (ii) The greater heroin addicts encompass injected in a short time, the more desperate they become for their subsequently fix. (iii) Sam finds it tough and tougher to even smile politely after hearing similar joke for the third time in a week. (iv) Recent high school graduates are more probable to attend college throughout a recession since the trouble of finding a decent job has decreased the opportunity costs of a college education.

Can someone help me in getting through this problem.

   Related Questions in Microeconomics

  • Q : Determine competitive price of purely

    In this demonstrated figure purely competitive lumber mill’s generic 2×4s now sell for: (1) $3.60 each. (2) $3.00 each. (3) $2.70 each. (4) $2.40 each. (5) $2.10 each.

    Q : Accounting profits when economic profit

    Whenever economic profit equivalents zero, then the accounting profits: (i) Are explicit costs of the remaining in business. (ii) Will induce raised investment even when accounting costs are much low. (iii) Are too zero. (iv) Reflect normal returns on the investment t

  • Q : Intersections of supply and demand

    Can someone please help me in finding out the accurate answer from the following question. The prices beneath the intersections of supply and demand curves cause: (i) Shortages. (ii) Surpluses. (iii) Demands to expand. (iv) Inventories to grow. (v) Sc

  • Q : Problem on Equilibrium price What

    What happens to equilibrium price if increase in demand is equivalent to increase in supply? Answer: In case of equivalent increase in demand and supply the equilib

  • Q : Satisfaction gained from consuming

    The Law of Diminishing Marginal Utility defines that the: (i) Satisfaction gained from consuming additional units of a good ultimately decline. (ii) Extra cost of energy from the public utility will ultimately decline. (iii) MUa/Pa = MUb/Pb = ... = MUz/Pz. (iv) Ux/X =

  • Q : Problem on Normal and Inferior Goods

    Lobster is a normal good and peanut butter is a poorer good. When your income increases, you will most likely consume: (1) More of both the goods. (2) More lobster and less peanut butter. (3) More peanut butter and less lobster. (4) Less of both goods.

    Q : Depending LEAST interest rate Into the

    Into the long run, interest rates depend LEAST upon the: (1) premiums needed to induce savers to delay consumption. (2) premiums necessary to induce wealth holders to sacrifice liquidity. (3) productivity of new capital. (4) demands and supplies of lo

  • Q : Determine total revenue when prices fall

    As the price falls by P4 to P3 to P2 to P1 beside such demand curve for Pixie's cheesy fried grits, then total revenue: (w) always rises. (x) always falls. (y) rises then falls. (z) falls then rises.

    Q : Personal distribution of income Select

    Select the right ans wer of the question. The personal distribution of income refers to the: A) division of income between personal taxes, consumption expenditures, and saving. B) division of income on the basis of industry sources, for example, agriculture, transport

  • Q : Greater inequality in income

    Greater inequality within the income distribution tends to give in greater: (1) social stability and harmony. (2) disincentives against productive efforts. (3) disparities between a Lorenz curve and a 45 degree reference line. (4) maturity of the mark