Which of the following will increase consumption for a normal good?
A) an increase in income.
B) a decrease in income.
C) an increase in the price of a complement.
D) a decrease in the price of a substitute.
Correct Answer:
Verified
Q1: According to the assumption of the basic
Q2: Joshua has income endowment of $1,000,the
Q3: Utility is a measure of
A) the satisfaction
Q4: Joshua has income endowment of $1,000,the price
Q6: If the prices of food and non-food
Q7: An indifference curve is _.
A) all the
Q8: Which of the following statements is true?
A)
Q9: Consumers' preference are described by
A) indifference curves.
B)
Q10: The substitution effect can be measured by
Q11: When consumers receive distributions of free rise,the
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