Premium beer is likely considered
A) a normal good.
B) an inferior good.
C) to have inelastic demand.
D) to have perfectly elastic demand.
A
Economics
You might also like to view...
Refer to Table 13-1. What is the marginal revenue of the 3rd unit?
A) $6.50 B) $5.50 C) $1.83 D) $0.50
Economics
Expansionary fiscal policy consists of:
a. increasing government spending. b. increasing payroll taxes to finance health care. c. decreasing government spending. d. raising the minimum wage.
Economics