Question
Question: Which of the following would cause a decrease in the demand for soda? I.If soda is an inferior good, and consumer income rises. II.If
Question: Which of the following would cause a decrease in the demand for soda?
I.If soda is an inferior good, and consumer income rises.
II.If soda is a normal good, and consumer income rises.
III. The price of pizza, a complementary good, rises.
IV. The price of beer, a substitute good, rises.
- I, IV
- II, III
- II, IV
- I, III
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
