The market demand for a good will decrease . ( LO1 , 2 ) a) as income

Question:

The market demand for a good will decrease

. ( LO1 , 2 )

a) as income decreases if the good is an inferior good

b) if the market price of a substitute good increases

c) as income decreases if the good is a normal good

d) if the market price of a complementary good decreases

e) as the number of consumers in the market increases

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 125375

10th Edition

Authors: Stephen Slavin

Question Posted: