Asset turnover

If A is an inferior good and consumer income rises, the demand for A:

a) increases and the equilibrium price rises but the equilibrium quantity decreases. b) increases and the equilibrium price and the equilibrium quantity increase. c) decreases and the equilibrium price and the equilibrium quantity decrease. d) decreases and the equilibrium price falls but the equilibrium quantity increases. e) decreases and the equilibrium price rises; as a result, the equilibrium quantity decreases.

Which of the following refers to a policy of increasing national power by managing the economy to create a trade surplus?

A. Capitalism B. Laissez-faire C. Mercantilism D. Free trade