Homework Help: economics

Posted by dave on Monday, October 5, 2009 at 6:07pm.

When the price of summer tank tops falls and you buy more because they are relatively less expensive, this is called:

a)elasticity effect
b) deadweight loss effect
c) income effect
d) substitution effect

economics - bobpursley, Monday, October 5, 2009 at 6:10pm
elasticity effect.
economics - Ankur, Thursday, May 2, 2013 at 5:52pm
b)deadweight loss effect

Answer this Question

Related Questions

economics - When the price of summer tank tops falls and you buy more because ...
Ecoomics - commodity Price Elasticity of demand ---------- Potatoes 0.3 If I ...
ECONOMICS - The demand for gasoline is less elastic in the short run than in the...
Economics - The Own price elasticity of demand for good X is -2, its income ...
economics - I know this might be basic.....but I am still not sure about subject...
managerial economics - Explain the relationship between product X, product Y and...
economics - Suppose the price of widgets falls from $7 to $5 and consumption of ...
Economics help - What is the short-run effect on the exchange rate of an ...
Ecconomics - Price elasticity of demand.Tell whether is elastic,perfectly ...
economics - If the demand for a good has unitary elasticity, or elasticity is &...

For Further Reading

First Name:
School Subject:
Answer: