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Author Question: If the price of good X increases and this causes an increase in the demand for good Y, then goods X ... (Read 54 times)

MirandaLo

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on: Jun 30, 2018
If the price of good X increases and this causes an increase in the demand for good Y, then goods X and Y are substitute goods.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If pork and beans is an inferior good, other things being equal, an increase in consumer income will decrease the demand for pork and beans.
 a. True
  b. False
  Indicate whether the statement is true or false


nickk12214

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


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MirandaLo

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Reply #2 on: Jun 30, 2018
Correct answers!


nickk12214

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  • Posts: 332
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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