An decrease in the price of oranges would lead to a(n)
a. increased supply of oranges.
b. increase in the prices of inputs used in orange production.
c. a movement down and to the left along the supply curve for oranges.
d. a movement up and to the right along the supply curve for oranges.
c
Economics
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Inferior Good
What will be an ideal response?
Economics
As the economy recovers from a recession, we should expect that
a. demand for inferior goods will fall and demand for normal goods will rise b. demand for both inferior and normal goods will rise c. demand for inferior goods will rise and demand for normal goods will fall d. demand for both inferior and normal goods will fall e. demand for complements will fall
Economics