Georgine buys more sweaters when her income increases. For Georgine, sweaters are

A) a substitute.
B) a complement.
C) an inferior good.
D) a normal good.

D

Economics

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The ________ is the interest rate that banks charge each other for overnight loans

A) spot interest rate B) discount window interest rate C) federal funds rate D) subsidized banking interest rate

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Refer to Figure 7-1. At the market equilibrium, the deadweight loss is equal to

A) $0. B) $250,000. C) $500,000. D) $1,000,000.

Economics