Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
PaulKet PaulKet
wrote...
Go to Answer
Posts: 488
Rep: 6 0
6 years ago
If the income elasticity of potatoes is -0.7, then the income effect caused by a price decrease of potatoes
A) tends to increase the consumption of potatoes.
B) tends to decrease the consumption of potatoes.
C) is less than the substitution effect.
D) None of the above.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 98 times
1 Reply
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Replies
Answer verified by a subject expert
SaHiN22SaHiN22
wrote...
#1
Posts: 246
Rep: 6 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

PaulKet Author
wrote...

6 years ago
Thanks
byehoe
wrote...

Yesterday
This site is awesome
ethom947
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1034 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 309
  
 1080
  
 284
Your Opinion
Where do you get your textbooks?
Votes: 422
Previous poll results: Do you believe in global warming?