If a decrease in income increases the demand for a good, then the good is a(n)

a. substitute good.
b. complementary good.
c. normal good.
d. inferior good.

d

Economics

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The largest component of output growth in the U.S. is

a. labor productivity growth. b. capital growth c. labor growth. d. knowledge growth. e. None of the above.

Economics

Which of the following would cause the demand for computer programmers to increase?

a. a decline in the productivity of computer programmers b. an increase in the productivity of computer programmers c. an increase in the wages of computer programmers due to legislative action (that is, the establishment of a price floor for computer programmers) d. a reduction in the price of a competitive input that can be substituted for computer programmers

Economics