menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 2
  4. Exam
    Exam 3: Supply and Demand
  5. Question
    As Consumers' Incomes Increase, the Demand for Ground Beef Decreases
Solved

As Consumers' Incomes Increase, the Demand for Ground Beef Decreases

Question 46

Question 46

Multiple Choice

As consumers' incomes increase, the demand for ground beef decreases. Ground beef is called a(n) :


A) normal good.
B) complement good.
C) substitute good.
D) inferior good.

Correct Answer:

verifed

Verified

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

Related Questions

Q41: The tendency of markets to automatically gravitate

Q42: A market in disequilibrium would feature:<br>A)a stable

Q43: Buyers and sellers of a particular good

Q44: One reason for the _ slope of

Q45: Suppose you bought three tickets to a

Q47: Assume both the demand and the supply

Q48: If the demand for a good decreases

Q49: A market comprised of a downward-sloping demand

Q50: What might cause a supply function to

Q51: Which of the following directly follows from

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