If demand for Rolls Royce automobiles rises in an area where incomes have increased, this tells us that a Rolls Royce is
A) a normal good.
B) an inferior good.
C) a complementary good.
D) a substitute good.
A
Economics
You might also like to view...
Explain what the poverty line is and its purpose
What will be an ideal response?
Economics
Which of the following is an example of a measure of labor productivity?
A) Farm workers produce 30 bushels of wheat per worker per day. B) Autos get 30 gallons to the mile. C) The growth rate of per capita real GDP is 3.5 percent per year. D) Wages increase by 3.5 percent per year for 5 years.
Economics