Multiple Choice
The price of good A goes up. As a result the demand for good B shifts to the left. From this we can infer that:
A) good A is a normal good.
B) good B is an inferior good.
C) goods A and B are substitutes.
D) goods A and B are complements.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q30: The difference between what a consumer is
Q33: Your indifference curves for good X (horizontal
Q34: Scenario 4.3:<br>The demand for erasers (Q) is
Q35: Scenario 4.4:<br>The demand curve for the new
Q36: Consider a graph on which one good
Q37: Scenario 4.3:<br>The demand for erasers (Q) is
Q40: What is the shape of the total
Q41: Suppose the income-consumption curve for goods X
Q42: Based on the diagram below it can
Q52: Scenario 4.1:<br>Daniel derives utility from only two