Solved

If an Increase in Income Leads to an Decrease in the Demand

Question 217

Multiple Choice

If an increase in income leads to an decrease in the demand for salami,then salami is

A) an inferior good.
B) a neutral good.
C) a necessity.
D) a normal good.

Related Questions

Q55: Which of the following statements is true?<br>A)An

Q77: Figure 3-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 3-6

Q89: If the price of a product is

Q93: Apple's decision in 2002 to focus on

Q106: If the number of firms producing electric

Q171: What are the five most important variables

Q177: Which of the following would cause a

Q180: If the price of train tickets decreases,what

Q214: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4189/.jpg" alt="Figure 3-4

Q228: The income effect of a price change