For a ____, if incomes rise and prices do not change, quantity demanded will increase
a. normal good
b. inferior good
c. Giffen good
d. substitute good
a
Economics
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Consider the market for peanut butter. If there is an increase in the price of bread (a complement for peanut butter) along with a drought in peanut growing areas, the
A) equilibrium quantity of bread increases. B) equilibrium quantity of peanut butter definitely decreases. C) equilibrium quantity of peanut butter might increase or might decrease. D) equilibrium price of peanut butter definitely rises. E) equilibrium price of peanut butter definitely falls.
Economics
On balance, markets do some things very well, and some things poorly.
Answer the following statement true (T) or false (F)
Economics