Monday
September 22, 2014

Homework Help: economics

Posted by sade on Wednesday, February 13, 2013 at 2:36am.

Median income in a country rises by $5000 per year. The price of good X falls by $4. Quantity demanded for good x falls by 15,000 units per year. What can we say with good X?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economics - When demand falls and supply remains the same, equilibrium price ...
Economics - Annual demand and supply for the Entronics company is given by: QD...
Economics - Assume that the average income of an artist is $40,000 per year and ...
Microeconomics - Consider Good E, which, when sold in a particular country, has ...
Economics: Price Elasticity - Please check my answers whether they are correct ...
Economics - As price falls along the elastic portion of a linear demand curve, ...
Economics - Problem #2: A Consumption Function: C = Co + MPC(Yd). Suppose that ...
Economics - The Own price elasticity of demand for good X is -2, its income ...
economics - You are the manager of a firm that receives revenues of $40,000 per ...
Finance - What is the projects initial outlay? Should the project be accepted ...

Search
Members