Business, 17.08.2019 21:10 ariyanadavid5989

A10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the price of macaroni and cheese. from this information, we can assume: (a) macaroni is a normal good and price elasticity of demand is greater than 1.(b) macaroni is an inferior good and price elasticity of supply is equal to zero.(c) macaroni is an inferior good and price elasticity of supply is infinite.(d) macaroni is an inferior good and price elasticity of demand is less than 1.

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Answer from: Maaarii

Here the correct answer is C)

Explanation:

Inferior goods can be described as those goods whose demands decreases , when the income of the customers increases. These goods are related to negative income elasticity, they have inverse relationship with price.

Price elasticity of supply is infinite means that there will be change in the price and goods would be supplied at one or same price only. The graph of this price elasticity of supply would be horizontal.

In the given above question it is quite clear that macaroni and cheese are inferior goods and their price elasticity of supply is infinite ( means they will be supplied at same or one price ).

Answer from: madlenserlipepu1o

(B) macaroni is an inferior good and price elasticity of supply is equal to zero

Explanation:due to rise in income, people preferred other goods. This makes it an inferior good. Price elasticity is zero as there is no change in price of good.

Answer from: Quest

The answer is c hope this

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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