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How would a change in income affect the quantity demanded of an inferior good?

Goods can be classfied as either normal or inferior when we examine how a change in income of a consumer affects how much of agiven good they choose to consume.

In most circumstances one ...

BM
Answered by Bertie M. Economics tutor
12723 Views

What should I do if I forget an important word or phrase during the speaking exam?

Speaking exams can be very daunting, but it's important to remember that these exams haven't been designed to trip you up in any way. The examiner will want you to do well too! It's also important not to ...

JC
Answered by Jennifer C. Spanish tutor
3806 Views

What is the Schwarzschild radius of a black hole?

This is the radius of a sphere around a black hole, at the surface of which, for any object to be be free of its gravitational pull its escape velocity be equal to the speed of light.

RE
Answered by Richard E. Physics tutor
5587 Views

What is terminal velocity?

This is the maximum velocity that an object can reach when falling through a medium (like air). Note that it occurs when the drag on the object equals the pull of gravity.

RE
Answered by Richard E. Physics tutor
2709 Views

Find x and y of these two equations: 2x - 3y = 13 and 3x + y = 3

In order to find the unknown variables x and y we need to simplify these equations in the way that will make it possible for us to get rid of either x or y variable, and make it easier...

ZB
Answered by Zuzana B. Maths tutor
20689 Views

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