16. When a drought hits a country and a famine is possible, what probably falls

Question

16. When a drought hits a country and a famine is possible, what probably falls more: the demand for food or the demand for haircuts? Why? Demand for food falls more because people want to eat less during a drought or famine. Demand for food falls more because food is more of a luxury good than haircuts. Demand for haircuts falls more because haircuts are more of a luxury good than food. Demand for haircuts falls more because haircuts are an inferior good compared with food. 1st choice 2nd choice 3rd choice Jean Walras Bastiat Say Marie Bastiat Say Walras Claude Say Walras Bastiat

Explanation / Answer

16. Demand for haircuts falls more because haircuts are more of a luxury good than food.

The demand for haircuts falls more and it is something person always get after next month or few months. But a person cannot wait for a food. The lack of buying power in a drought is more important than the lack of food.

17. Say; Bastiat; Walras

18. Jean will set the first vote between Say vs. Bastiat. Bastiat will win that round and then will lose to Walras in the final round.

Say vs. Bastiat

19. When Claude wants Say to win in the last round then he will choose Bastiat vs. Walras in the first round, and then Walras will lose to Say in the final round.

Bastiat vs. Walras

20. For Bastiat to win the final round, Marie choose Say vs. Walras in the first round and then Say vs. Bastiat in the last round.

Say vs. Walras

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.