If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is

a. a complementary good
b. a substitute good
c. a normal good
d. an inferior good
e. none of the above

d. an inferior good

Economics

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Refer to Figure 22-4. Using the per-worker production function in the figure above, the largest changes in an economy's standard of living would be achieved by a movement from

A) E to B to D. B) D to B to E. C) C to B to A. D) A to B to C.

Economics

Which of the following cultural events likely increased the demand for the associated product?

A) the banning of cigarette advertising on television B) the inclusion of Reese's Pieces in the movie E.T. C) increased environmental awareness about the impacts of sport utility vehicles (SUVs) D) concerns over "Mad Cow" disease in beef

Economics