menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 12
  4. Exam
    Exam 3: Where Prices Come From: the Interaction of Demand and Supply
  5. Question
    If a Decrease in Income Leads to in a Decrease
Solved

If a Decrease in Income Leads to in a Decrease

Question 162

Question 162

Multiple Choice

If a decrease in income leads to in a decrease in the demand for baked beans, then baked beans is:


A) a normal good.
B) a neutral good.
C) a complement.
D) a necessity.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: Assume that the hourly price for the

Q72: All else equal, as the price of

Q98: Explain the difference between a normal good

Q114: Draw a supply and demand graph showing

Q157: Assume there is a shortage in the

Q159: If a firm expects that the price

Q160: How is the market for digital photo

Q165: Which of the following would shift the

Q172: What are the five variables that will

Q229: A normal good is a good for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines