The final consumer demand for chicken (normal good) in China will NOT shift if
A. consumer income decreases.
B. more consumers are present in the market.
C. the price of chicken decreases.
D. either A or B occurs.
Ans: C. the price of chicken decreases.
Economics
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Economics
Which of the following is NOT related to the slope of isoquants?
A) The fact that inputs have positive marginal product B) The fact that inputs have diminishing marginal product C) The fact that input prices are positive D) The fact that more of either input increases output E) The fact that there are diminishing returns to inputs
Economics