Multiple Choice
If the demand for steak increases as income increases, this means that steak is a(n) :
A) complementary good.
B) normal good.
C) inferior good.
D) substitute good.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q18: A seller's reservation price is generally equal
Q19: Suppose one could either rent a car
Q20: Jessica's marginal cost for producing a pitcher
Q21: Suppose that the equilibrium price of pickles
Q23: Suppose that the equilibrium price of French
Q24: Suppose you camped out in front of
Q25: If both supply and demand increase simultaneously,
Q26: Suppose the local slaughterhouse gives off an
Q27: Why does your grocery store sell day-old
Q85: Suppose that the technology used to manufacture