Tara buys only shoes and socks. When the price of shoes goes up, Tara continues buying exactly
Question:
Socks could not possibly be an inferior good for Tara.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
B is directly to the left ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
When the price of shoes goes up, Tara goes right on buying just as many shoes as before. True or False: Shoes could not possibly be an inferior good for Tara.
-
When the price of MacBooks goes down, what probably happens to the computers?
-
When the price of crude oil increases, do oil companies drill more oil wells? To determine the strength and nature of the relationship, an economist recorded the price of a barrel of domes-tic crude...
-
Consider the following information for a company: Sales (all credit): $6,000,000; Cost of Goods Sold: 80% of Sales; Accounts receivable: $350,000; Inventory: $600,000; Accounts payable: $150,000 What...
-
Discuss why it is useful to search a database to identify sequences that are homologous to a newly determined sequence.
-
Write a sentence describing the morphine tolerance experiment in terms of an independent variable and a dependent variable.
-
Subsidiaries of First of America, a major commercial bank, have made loans to First of America directors and executive officers. The loans totaled \($56,965,000\) at December 31, 1999 (3.6 percent of...
-
Johnson Company manufactures and sells kites to toy stores. Given the following information for 2011, create an income statement using both the absorption method (based on the actual full cost per...
-
On June 30, 2024, Exploration Incorporated signs a lease requiring quarterly payments each year for the next five years. Each of the 20 quarterly payments is $28,969.97, with the first lease payment...
-
Joi Chatman recently received her finance degree and has decided to enter the mortgage broker business. Rather than working for someone else, she will open her own shop. Her cousin Mike has...
-
Suppose you buy only X and Y, both of which are normal goods. Suppose also that almost all of your income is spent on Y. When the price of X goes up, does the quantity of Y go up or down?
-
Sam consumes only green eggs and ham. Ham is an inferior good for Sam. One day the price of green eggs goes up. a. Illustrate Sam's old and new optimum points, and show both the substitution and the...
-
For any point outside of a circle, is there ever only one tangent to the circle that passes through the point? Are there ever more than two such tangents? Explain your reasoning.
-
A hiker begins her trip away from her car by first walking 3 4 . 0 km south. She stops and sets up her tent for the night. On the second day, she walks 2 1 . 0 km in a direction that makes an angle...
-
A boy tosses a coin straight up to 2 . 0 m . Suppose the height when the coin leaves his hand is 1 . 3 m . What was the initial speed of the coin when it left his hand?
-
5 . Io , one of Jupiter s moons, is located an average of 4 2 1 , 0 0 0 km from Jupiter. It has a mass of 8 . 9 x 1 0 2 2 kg , and it completes five revolutions around Jupiter every 9 days. a . What...
-
A kid shoots a stone directly upward at a cauldron of bats ( proper term for a large number of bats ) . The initial velocity of the stone is 8 m / s . If the stone hits a bat at less than 2 m / s...
-
If you were to drop a rock from a tall building, assuming that it had not yet hit the ground, and neglecting air resistance, after 4 s: How fast ( speed ) would it be traveling ( in m / s ) ? Remeber...
-
When does a bailment occur?
-
When a company has a contract involving multiple performance obligations, how must the company recognize revenue?
-
The initial measurement of goodwill is most likely affected by: A. an acquisitions purchase price. B. the acquired companys book value. C. the fair value of the acquirers assets and liabilities.
-
You are interested in having a mountain cabin built for weekend trips, vacations, to host family, and perhaps eventually to retire in. After discussing the project with a local contractor, you...
-
Sung Sam, Inc. is currently designing a new digital camcorder that is projected to have the following per unit costs to manufacture: Cost Categories Unit Costs Materials...
-
Fifty years ago, Grandma Bell purchased a set of gold plated dinnerware for $55, and last year you inherited it. Unfortunately a house fire at your home destroyed the set. Your insurance company is...
-
3. The destruction of all microorganisms and their endospores is referred to as a. disinfection. b. degermination. c. sanitization. d. sterilization. 4. The process by which the numbers of microbes...
-
14. Autoclaving will usually destroy/inactivate all fungi, bacteria, viruses, and most bacterial spores but will not necessarily eliminate a. neurotoxins. b. prions. c. protozoan cysts. d....
-
11. The time in minutes in which 90% of the bacterial population will be killed at a given temperature is called the a. generation time. b. thermal death time. c. sterilization time. d. decimal...
Study smarter with the SolutionInn App