Multiple Choice
Galina is a struggling college student. She likes to eat lobster, but because she cannot afford it, she substitutes spam for the lobster. For Galina, spam is:
A) a normal good.
B) an inferior good.
C) a complement good.
D) a luxury good.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q50: Define unit elastic demand.
Q51: If electricity prices rise substantially but quantity
Q52: The price elasticity of demand for a
Q53: Economists refer to a firm's unit sales
Q54: Which of the following has the MOST
Q56: (Figure: Total Revenue) At which point is
Q57: If the price of hot dogs falls
Q58: If prices rise substantially on milk and
Q59: Which price elasticity factor explains why items
Q60: If the quantity demanded is not very