Question
Suppose that tortilla chips and potato chips are substitutes goods for each other. Which of the following can cause the demand for potato chips to
Suppose that tortilla chips and potato chips are substitutes goods for each other. Which of the following can cause the demand for potato chips to fall?
a. if potato chips are a normal good, a fall in consumers incomes
b. if potato chips are a normal good, a rise in consumers incomes
c. if potato chips are an inferior good, a fall in consumers incomes
d. none of the above
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
