ARE 2150 Lecture Notes - Lecture 16: Deadweight Loss

32. Line 7 (A) return temp; } (B) return counter;} (C) None of these statements are useful when paired with other questions, leave blank. (D) return ++temp; } (E) } }

31. Line 6 (A) counter++; } (B) System.out.print (temp);} (C) None of these statements are useful when paired with other questions, leave blank. (D) temp++; } (E) fibi = fib2 + temp; }

36. Assume that a 4 percent increase in income results in a 2 percent increase in the quantity demanded of a good. What is the income elasticity of demand for the good, and what type of good is it? a negative, and therefore the good is an inferior good b. negative, and therefore the good is a normal good c. positive, and therefore the good is a normal good d. positive, and therefore the good is an inferior good