Recent Posts • Latest Topics • Unanswered Questions

If the income elasticity of food is 0.72, then food is

PaulKet

wrote...

Go to Answer

Posts: 488

Rep:

6 years ago

If the income elasticity of food is 0.72, then food is

If the income elasticity of food is 0.72, then food is
A) a necessity and a normal good.
B) a normal good.
C) a necessity.
D) an inferior good.

Textbook

Microeconomics: Theory and Applications with Calculus

Edition: 4^th

Author: Perloff

Read 112 times

2 Replies

Report

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

forrest

wrote...

#1

Posts: 266

Rep:

6 years ago

Sign in or Sign up in seconds to unlock everything for free

More solutions for this book are available here

Report

Related Topics

Solved The income elasticity of demand is
Solved For a good such as food, the income elasticity is likely
Solved If a product is a normal good, then its income elasticity of demand is
Solved A positive income elasticity of demand indicates the good is
Solved For a normal good, the income elasticity of demand is:
Solved A good is said to be "normal" if
Solved Based on Figure 4.1, food is:
Solved A good is said to be both normal and a necessity if the income elasticity of demand is greater than 1.0.

PaulKet Author

wrote...

#2

6 years ago

Yay, got perfect on my quiz

Report

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1872 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

294

261

609

Your Opinion

Previous poll results: How often do you eat-out per week?

The Toxic Skin and Fungi Defense

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.