Other things constant, the demand for an inferior good will decrease (the demand curve will shift left) if
A) the price of a complementary good decreases.
B) the price of a substitute good increases.
C) income increases.
D) income decreases.
C
Economics
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Helping the poor is synonymous with more income equality
a. True b. False
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Product improvements make it difficult for the statisticians who construct the CPI to distinguish between ________ changes and ________ changes.
A. quantity; quality B. quantity; price C. price; quality D. income; price
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By 2011, which of the following countries had the highest level of real output per capita?
A) United States B) France C) Japan D) United Kingdom
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In 2009, we had a current account ________ and a capital account _______.
A. surplus; surplus B. deficit; deficit C. deficit; surplus D. surplus; deficit
Economics