Solved

If There Is an Increase in Income, Which of the Following

Question 368

Multiple Choice

If there is an increase in income, which of the following is true?


A) The demand for complementary goods decreases.
B) The demand for substitute goods decreases.
C) The demand for normal goods decreases.
D) The demand for normal goods increases.
E) The supply for all goods decreases.

Correct Answer:

verifed

Verified

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

Related Questions