Stephen graduates from college and his income increases by $30,000. Nothing else changes. Stephen decreases the quantity oframen noodles and chocolate chip cookies that he buys and increases the quantity of cla For Stephen,
A. ramen noodles and chocolate chip cookies are inferior goods
B. ramen noodles and classical music CDs have become substitutes
c. ramen noodles and chocolate chip cookies have become complements
D. classical music CDs and chocolate chip cookies are normal goods
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Stephen graduates from college and his income increases by $30,000. Nothing else changes. Stephen decreases the quantity oframen noodles ...” 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
In Brooklyn, New York, a pharmacy technician works in a neighborhood with many ethnicities. Many people are direct descendents of Russian, Polish, and Hebrew immigrants to the United States.
Answers (1)
According to the diathesis-stress model, if 100% of individuals with a genetic predisposition to a disorder actually display symptoms of the disorder, regardless of their environmental experiences, this indicates that the behavior is ___.
Answers (1)
A worker in charge of assembling a bicycle finds a faster way to mount the pedals. He turns to his supervisor.
Answers (1)
Annuities are a series of constant cash flows that have been received over a certain period of time. However, not all annuities are created equal. Some annuities adjust the payments based on certain macroeconomic factors.
Answers (1)
Gold Standard: French franc. Before World War I, $20.67 was needed to buy one ounce of gold. If, at the same time, one ounce of gold could be purchased in France for FF410.00, what was the exchange rate between French francs and U. S. dollars
Answers (1)
New Questions in Business
George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.
Answers (1)
Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.
Answers (1)
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.
Answers (1)
Barans Realty Co. pays weekly salaries of $18,000 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.
Answers (1)
Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.
Answers (1)