Top ramen is a brand of noodles that is widely considered to be an inferior good with a high salt content. what would happen to the equilibrium price and equilibrium quantity of top ramen if income went up and the price of salt decreased
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Top ramen is a brand of noodles that is widely considered to be an inferior good with a high salt content. what would happen to the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is a disadvantage of surveys interviewer errors; respondent errors data is lacking in terms of content, quantity, and quality data may not be representative; quality of data limited coverage may be incomplete;
Answers (1)
If sellers do not adjust their quantity supplied at all in response to a change in price, the price elasticity of supply is a. infinity, and the supply curve is vertical. b. infinity, and the supply curve is horizontal. c.
Answers (1)
The 4 basic marketing strategies are called the 4 P's: Product, Place, Price, and promotion. Another name of these four strategies is
Answers (1)
Suppose an assistant professor of economics is earning a salary of $75 comma 000 per year. One day she quits her job, sells $110 comma 000 worth of bonds that had been earning 5 percent per year, and uses the funds to open a bookstore.
Answers (1)
An asset has an average return of 10.19 percent and a standard deviation of 22.41 percent. What is the most you should expect to lose in any given year with a probability of 16 percent
Answers (1)
New Questions in Business
Why are career clusters useful in a career search?
Answers (1)
Sumaira is scared that she will not find a job in the current economy. she decides to be a business major and attend one of the top business schools in the country. upon graduation, she is hired by a major investment banking firm in new york.
Answers (1)
Whenever Josh goes to his favorite restaurant, he wants to buy tiramisu, his favorite dessert. Despite the fact he would enjoy the flavor of the tiramisu the same amount every time, Josh only buys it when he would be the only one having dessert.
Answers (1)
A 1,500,000 SF plant employs 300 people and produces 177,000 LCD panel per month. The plant is idle, on average, 2 months each year for maintenance, repairs, and retooling.
Answers (1)
This year Aetna announced it was moving out of Hartford, Connecticut, where it had held it headquarters for over 100 years. The announcement sent shockwaves through an already economically challenged state.
Answers (2)