Suppose that when the price of pickles decreases, Teddy increases his purchase of ketchup. To Teddy
A) pickles and ketchup are complements.
B) pickles and ketchup are normal goods.
C) pickles and ketchup and substitutes.
D) pickles are a normal good and ketchup is an inferior good.
A
Economics
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Refer to Figure 13-3. Suppose the economy is at point C. If investment spending decreases in the economy, where will the eventual long-run equilibrium be?
A) A B) B C) C D) D
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Monetarists argue that the Fed should frequently adjust the money supply in response to ever-changing economic conditions
a. True b. False Indicate whether the statement is true or false
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