A normal good is one whose demand rises sharply as income increases.
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Q1: Inferior goods are characterized by _ demand
Q2: Government action can cause a significant market
Q4: If a town begins requiring builders to
Q5: Excess supply occurs when suppliers are prepared
Q6: Left to themselves,most markets will eventually reach
Q7: After Hurricane Katrina,the supply curve for gasoline
A)
Q8: A demand shift affects
A) sellers' willingness to
Q9: A luxury good is one whose demand
Q10: Between 2000 and 2007,many more U.S.furniture stores
Q11: If supply is inelastic,then a demand shift
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