1. People buy more of good 1 when the price of good 2 rises. These goods are...

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1. People buy more of good 1 when the price of good 2 rises. These goods are
A. substitutes.
B. normal goods.
C. inferior goods.
D. complements.
2. The cost of making tennis shoes goes down. The demand for tennis shoes
A. doesn't change
B. shift to the left.
C. shift to the right.
3. Incomes go up. The demand for secondhand​ clothing, an inferior​ good,
A. doesn't shift.
B. shifts left.
C. shifts right.
4. The price of falafel increases. The demand for​ fries, a complement to​ falafel,
A. increases.
B. decreases.
C. doesn't change
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Related Book For  book-img-for-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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