If Z is an inferior good, an increase in money income will shift the:
A. supply curve for Z to the left.
B. supply curve for Z to the right.
C. demand curve for Z to the left.
D. demand curve for Z to the right.
Answer: C
Economics
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A decline in the price of a bond causes the yield of the bond to
A) rise. B) fall. C) remain unchanged. D) rise if it's a short-term bond, fall if it's a long-term bond.
Economics
Describe the process that would occur in the long run in a competitive industry if there were economic profits. Illustrate this with a diagram.
What will be an ideal response?
Economics