Which of the following will not cause the demand for product K to change?
A) a change in the price of close-substitute product J
B) an increase in incomes of buyers of product K
C) a change in the price of product K
D) a change in consumer tastes for product K
Correct Answer:
Verified
Q26: Other things equal, which of the following
Q27: Running shoes and staplers are
A) substitute goods.
B)
Q28: The demand for most products varies directly
Q29: Which of the following statements is correct?
A)
Q30: If the price of product L increases,
Q32: An economist for a bicycle company predicts
Q33: If X is a normal good, a
Q34: If two goods are complements,
A) they are
Q35: Which of the following would not shift
Q36: If Z is an inferior good, an
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