Demand for a good will always rise when:
a. the price of a complementary good falls.
b. the price of a substitute good falls.
c. tastes change.
d. incomes decrease.
e. the price of the good falls.
a
Economics
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In the fooling model, AD/SAS equilibria to the left of LAS are unstable because ________ nominal wages shift ________
A) falling, AD downward B) falling, SAS downward C) rising, AD upward D) rising, SAS upward
Economics
Currency appreciation would occur in a nation if
A. the demand for the nation's exports increases. B. the demand for the nation's imports increases. C. real interest rates in the nation decrease relative to the rest of the world. D. the inflation rate is higher within the nation than in the rest of the world.
Economics