Which of the following increases the demand for a normal good?
A) a decrease in income
B) a decrease in the price of a substitute
C) an increase in the price of a complement
D) the price of the good is expected to increase in the future
Correct Answer:
Verified
Q63: Sweatshirts and tee-shirts are complements in consumption
Q64: Which of the following shifts the demand
Q65: Consumers expect that the price of a
Q66: You observe that an increase in the
Q67: If the price of product X falls
Q69: If consumers but not producers expect that
Q70: If the price of chicken falls, then
Q71: A decrease in the price of bowling
Q72: Students can rent a Blu-ray movie at
Q73: Cupcakes and granola bars are substitutes in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents