Multiple Choice
An increase in income will
A) always increase the demand for SUVs.
B) increase the supply of SUVs.
C) increase the demand for SUVs if SUVs are inferior goods.
D) increase the demand for SUVs if SUVs are normal goods.
E) decrease the demand for SUVs if SUVs have a very low price.
Correct Answer:
Verified
Correct Answer:
Verified
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