Which of the following is probably NOT a normal good?
A) Designer jeans
B) Diamond rings
C) Intercity passenger bus travel
D) New automobiles
Correct Answer:
Verified
Q91: Given a linear supply function of the
Q92: Jane pays the market price of $69
Q93: If supply increases,then the:
A) supply curve shifts
Q94: Good X is an inferior good if
Q95: The law of demand indicates that as
Q97: If demand increases,then the:
A) demand curve shifts
Q98: Graphically,an increase in the number of vegetarians
Q99: Given a linear demand function of the
Q100: Which of the following pairs of goods
Q101: Other things held constant,the lower the price
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