A good may be inferior at some income levels and normal at others
What will be an ideal response?
True. A consumer may demand more of the good at low income levels and less of the good at higher income levels. Hamburger or macaroni and cheese dinners may be examples of such goods.
Economics
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Your friend is preparing for this exam and in your practice session makes the following statement: "Instead of attending microeconomics class for two hours, Kiki could have played tennis or watched a movie
Therefore, the opportunity cost of attending class is the tennis and the movie she had to give u
Economics
Compared to Chile (since 1973), Argentine policy has been
a. more favorable to private enterprise b. more monetarist c. more constant d. more successful in macroeconomic terms e. none of the above
Economics