If potatoes are inferior goods,which of the following will increase the demand for these goods?
A) Increase in the price of a complement
B) Decrease in income
C) Decrease in the price of a substitute
D) Increase in income
Correct Answer:
Verified
Q3: Jim saw a decrease in the quantity
Q20: Based on the information above,video games have
A)A
Q21: Which of the following goods have a
Q22: If televisions are normal goods,a fall in
Q23: Jim saw a decrease in the quantity
Q25: As the number of substitutes for a
Q27: Given the information above,the demand is
A)unitary.
B)indeterminate.
C)elastic.
D)inelastic.
Q28: An owner of local salon realized that
Q29: Which one of the following is true?
A)Nike
Q80: If your income goes up by 2%
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