Suppose that when the price of hamburgers increases, the Ruiz family increases their purchases of hot dogs. To the Ruiz family
A) hamburgers and hot dogs are normal goods. B) hamburgers and hot dogs are substitutes.
C) hamburgers and hot dogs are inferior goods. D) hamburgers and hot dogs are complements.
B
Economics
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The forces that make market economies work are
a. work and leisure. b. politics and religion. c. supply and demand. d. taxes and government spending.
Economics
The investment demand curve is drawn with the amount of investment on the:
A. Vertical axis and disposable income on the horizontal axis
B. Horizontal axis and disposable income on the vertical axis
C. Horizontal axis and the expected rate of return and interest rate on the vertical axis
D. Vertical axis and the expected rate of return and interest rate on the horizontal axis
Economics