Which of the following brings only an increase in the quantity demanded of a good?
A) a decrease in income, assuming the good is an inferior good
B) a rise in the price of a substitute good
C) a fall in the price of the good itself
D) an expectation that the good's price will rise in the future
E) a decrease in income, assuming the good is a normal good
C
Economics
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When economists, policymakers, or journalists refer to the Fed's balance sheet, they are typically referring to the:
A) money supply B) size of the Fed's assets C) amount of bank reserves D) amount of foreign reserves
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A common characteristic of oligopolies is:
a. interdependence in pricing decisions. b. independent pricing decisions. c. low industry concentration. d. few or no plant-level economies of scale.
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