If product Y is an inferior good, an increase in consumer incomes will:
a. Not affect the sales of product Y
b. Shift the demand curve for product Y to the left
c. Result in a surplus of product Y
d. Shift the demand curve for product Y to the right
b. Shift the demand curve for product Y to the left
Economics
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Given the market data for good X in the above table, an equilibrium quantity is established at
A) 90 units. B) 60 units. C) 30 units. D) 120 units.
Economics
Which of the following practices is prohibited by the Clayton Act?
a. Price discrimination that substantially lessens competition. b. Tying contracts that substantially lessen competition. c. Exclusive dealing that substantially lessens competition. d. All of these.
Economics