Multiple Choice
If the demand curve for bologna shifts to the right as income falls then bologna is a(n) :
A) normal good.
B) complementary good.
C) substitute good.
D) inferior good.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q38: A market equilibrium:<br>A)is socially optimal.<br>B)leaves unexploited opportunities
Q39: If supply and demand both decrease, the
Q40: If the demand for a good decreases
Q41: Which of following is NOT true of
Q42: If the price of rubber (an input
Q44: A seller's reservation price is generally equal
Q45: Gertie saw a pair of jeans that
Q46: Refer to the accompanying figure. If the
Q47: A good example of central planning at
Q48: Refer to the accompanying figure. Suppose the