If you expect the economy is going to boom and average income in the economy will rise in the foreseeable future, the type of firm that would be able to increase its sales if your expectations are met is
A) one that sells a luxury good. B) one that sells a necessity good.
C) one that sells an inferior good. D) one that sells a price-inelastic good.
A
Economics
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The marginal rate of substitution is equal to the
a. slope of the indifference curve. b. ratio of the prices of the two goods. c. slope of the budget constraint. d. All of the above are correct.
Economics
The 10-year protection period from generic competition for drug manufacturers is a form of
A) copyright. B) trademark. C) hallmark. D) patent.
Economics