The market demand for most goods will
A. increase if the prices of substitutes fall.
B. decrease if the price of complementary goods fall.
C. increase if consumers expect prices to be higher in the future.
D. decrease if consumers expect the goods to become less available.
C. increase if consumers expect prices to be higher in the future.
Economics
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What is the cross-price elasticity between beef and vegetables for a strict vegan when the price of vegetables increases?
A. Zero B. Either zero or negative depending on whether the vegan eats less vegetables. C. Positive D. Negative
Economics
Over time, a country's real GDP per capita typically:
A. shrinks B. grows. C. remains stable. D. increases and decreases randomly.
Economics