menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Economics and Business Strategy Study Set 1
  4. Exam
    Exam 4: The Theory of Individual Behavior
  5. Question
    If an Increase in Income Causes a Decrease in the Consumption
Solved

If an Increase in Income Causes a Decrease in the Consumption

Question 91

Question 91

Multiple Choice

If an increase in income causes a decrease in the consumption of good Y,we know that good Y is:


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

Correct Answer:

verifed

Verified

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

Related Questions

Q86: If income increases,then the:<br>A) budget line rotates

Q87: Airlines give away millions of tickets each

Q88: A price increase causes a consumer's "real"

Q89: While at a discount shoe store,a customer

Q90: If the price of good X increases,what

Q92: Many gourmet shops go out of business

Q93: The rate at which a consumer is

Q94: If a consumer is given a $10

Q95: The horizontal intercept of the budget line

Q96: An increase in the price of good

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