If goods X and Y are both normal goods for Brenda, then an increase in Brenda's income will lead her to __________

Fill in the blank(s) with correct word


buy more of good X and more of good Y

Economics

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List the characteristics of a monopolistically competitive market

What will be an ideal response?

Economics

In industries in which strong network effects exist, which industry structure is likely to emerge?

A) perfect competition B) monopoly C) monopolistic competition D) oligopoly

Economics

The federal funds rate is closely tied to many interest rates on many types of loans. Which one is the exception?

a. Auto loan rates b. Adjustable rate mortgages c. Adjustable rate home equity loans d. 30-year Treasury bonds e. Business loans

Economics

Budget deficit

What will be an ideal response?

Economics