Answer to Question #311317 in Economics for Anonymous

Question #311317

If a decrease in income increases the demand for a good, then the good is

A.a substitute good.

B.a normal good.

C.an inferior good.

D. a complement good.

Expert's answer

A.a substitute good.

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Is there any significant difference between learning Economics and teacher experience?
2. You love peanut butter. You hear on the news that 50 percent of the peanut crop in the Northern Cape
3. If Gouda cheese and cheddar cheese are substitutes, then which of the following would increase the d
4. A market demand curve reflects:1.how much buyers are willing and able to buy at each possible price.
5. Do teachers have knowledge of basic principles of using methods of teaching Economics?
6. List and discuss the top three expenditures in state budgets overall and substantiate your selection
7. The circular flow model for goods and services is where ________1. the households sell their factors