Normal goods are those for which demand decreases as
A) the price of a complement falls.
B) the good's own price rises.
C) the price of a substitute falls.
D) income decreases.
Correct Answer:
Verified
Q86: If consumers' incomes increase and the demand
Q87: Which of the following increases the demand
Q88: The demand for a good increases when
Q89: If income decreases or the price of
Q90: If income increases or the price of
Q92: Which of the following is true?
A) If
Q93: By definition, an inferior good is a
A)
Q94: A decrease in the expected future price
Q95: A normal good is a good for
Q96: People come to expect that the price
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