Suppose that when the price of strawberries decreases, Simone increases her purchase of whipped cream. To Simone
A) strawberries and whipped cream are normal goods.
B) strawberries and whipped cream are complements.
C) strawberries are a normal good and whipped cream is an inferior good.
D) strawberries and whipped cream and substitutes.
B
Economics
You might also like to view...
From 1789 to 1838, state banks
(a) served as financial intermediations and paid out paper money to borrowers. (b) were corporations. (c) engaged in agricultural activities. (d) established demand deposits against which checks could be written by the borrower.
Economics
Monetarists argue that the Treasury's conduct of fiscal policy is the most important factor affecting real GDP and interest rates
a. True b. False Indicate whether the statement is true or false
Economics