Which of the following causes a decrease in demand for a normal good?
A. increase in price of a complement
B. increase in price of a substitute
C. increase in income
D. increase in price
Answer: A
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An arrangement that allows buyers and sellers to exchange things is called
A) a market. B) a contract. C) money. D) efficient.
The purchase of less than 10 percent of the shares of ownership in a company in another country is known as
A) portfolio investment. B) an ineffective method for encouraging economic growth. C) foreign direct investment. D) a hostile takeover.
The intensity or loudness of sound is measured by:
a. Amps b. Bytes c. Decibels d. Watts
During the financial crisis associated with the Great Recession, the interest rate spread between Treasury bills and bank-to-bank lending increased substantially
a. True b. False Indicate whether the statement is true or false