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
You might also like to view...
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