Multiple Choice
An increase in Abigail's income decreases her demand for used cars. For her, used cars are
A) a normal good.
B) an inferior good.
C) a complement to any good.
D) a substitute good.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q407: Suppose Target decided to lower the price
Q503: A normal good is defined as a
Q504: Joan's income has just risen from $940
Q505: If the price of a good increases
Q506: The income elasticity of demand for vacations
Q508: If the price elasticity is between 0
Q509: Studies show that smoking cigars is inversely
Q510: If the demand for KFC chicken is
Q511: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The increase in
Q512: If the price of a movie ticket