A normal good is a good for which the demanded decreases as income decreases, holding everything else constant

Indicate whether the statement is true or false

TRUE

Economics

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In a market system, what provides individuals the information needed to make decisions?

A) insurance B) government C) patents D) prices

Economics

A tax of $1 on buyers shifts the demand curve downward by exactly $1

a. True b. False Indicate whether the statement is true or false

Economics