If salmon is a normal good what happens to equilibrium, Ask an Expert

Economics

If salmon is a normal good, what happens to equilibrium price and quantity when there is an increase in income?

A. Equilibrium price increases and equilibrium quantity decreases.

B. Equilibrium price increases and equilibrium quantity increases.

C. Equilibrium price decreases and equilibrium quantity increases.

D. Equilibrium price decreases and equilibrium quantity decreases

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91722038

Have any Question?Write your Review or question?

Related Questions in Business Economics

A 1000 utility bond with 14 years remaining before maturity

A $1000 utility bond with 14 years remaining before maturity can now be purchased for $760. It pays interest of $20 each 6-month period. What rate of return is earned by purchasing the bond at the current market price pl ...

What is the market price of a bond if the face value is

What is the market price of a bond if the face value is $1,000 and the yield to maturity is 6.2 percent? The bond has a 5.75 percent coupon rate and matures in 12.0 years. The bond pays interest semiannually.

A coffee machine dispenses coffee into 8-ounce cups it can

A coffee machine dispenses coffee into 8-ounce cups. It can be regulated so that it discharges an average of μ ounces per cup. Suppose the amount of coffee dispensed is normally distributed with standard deviation .2 oun ...

1 suppose that a big mac costs 579nbspin the us and chf 65

1. Suppose that a Big Mac costs $5.79 in the US, and CHF 6.5 in Switzerland. You are told that the exchange rate between $ and CHF is CHF=$0.5 From what you know about PPP theory and Law of One Price, the swiss franc is. ...

Suppose the market demand and market supply curves are

Suppose the market demand and market supply curves are given by the following equations: QD = 120 - 10P QS = 20P a. Draw a figure of supply and demand representing this market. Be sure to label the axes and intercepts. ( ...

One of the authors received a credit card bill for 2988 but

One of the authors received a credit card bill for 2,988, but it included a charge of 1,834 that was not valid. Find the values of the absolute and relative errors the absolute value is 1,834 what is the relative errors?

Suppose a researcher is interested in knowing the

Suppose a researcher is interested in knowing the statistics skills of first-year graduate students 2016 as compared to the skills for those in 2015. It is known that on a statistics test for the first-year grad students ...

A test of high school study habits and attitudes supposedly

A test of high school study habits and attitudes, supposedly predictive of how well high school students will perform academically, is administered to twelfth graders during the same week that their cumulative grade poin ...

Question 1find the area between -88 standard deviations

Question 1 Find the area between .-88 standard deviations below the mean and 2.35 standard deviations above the mean. '88=.3106 and 2.3=.4906 Both figures are added .3106+.4906= .8012 which is 80.12% Question 2 The area ...

Case a motivationas the provincial manager for a financial

Case A Motivation As the Provincial Manager for a financial services firm, you are well regarded within your company and especially by many of the 82 employees who work within your division. Due to a downturn in business ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert