If potatoes are inferior goods, which of the following will increase the demand for these goods?
a. Increase in the price of a complement
b. Decrease in income
c. Decrease in the price of a substitute
d. Increase in income
b
Economics
You might also like to view...
Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, he would have paid an additional ________ in income tax
A) $665 B) $945 C) $1,000 D) $1,330
Economics
Following the Civil War, U.S. currency included all of the following except:
a. wooden nickels. b. silver and gold specie. c. bank notes. d. greenbacks.
Economics