If the demand for sardines increases as income decreases, sardines are a(n)
A) normal good.
B) inferior good.
C) substitute good.
D) complementary good.
Correct Answer:
Verified
Q20: Firms are organizations that
A) take advantage of
Q21: Consumers purchase products in _ markets.
A) output
B)
Q22: Factors of production are traded in the
Q23: Labor is demanded by firms in an
Q24: If the demand for coffee decreases as
Q26: As an individual consumes more of a
Q27: Payment in the land market is called
Q28: Refer to the information provided in Figure
Q29: Refer to the information provided in Figure
Q30: The "law of demand" implies that
A) as
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