A good may be inferior at some income levels and normal at others
Indicate whether the statement is true or false
True . A consumer may demand more of the good at low income levels and less of the good at higher income levels. Hamburger or macaroni and cheese dinners may be examples of such goods.
Economics
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The opportunity cost of going to college consists of more than just the tuition that will be paid
a. True b. False
Economics
Dean bakes his famous apple pies and sells them at the local farmer's market. If the price of apples increases, the
a. supply curve for Dean's pies will increase. b. supply curve for Dean's pies will decrease. c. demand curve for Dean's pies will increase. d. demand curve for Dean's pies will decrease.
Economics