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Author Question: When income rises A) demand for a normal good rises. B) demand for a normal good falls. C) ... (Read 167 times)

SO00

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on: Jun 29, 2018
When income rises
 
  A) demand for a normal good rises.
  B) demand for a normal good falls.
  C) demand for an inferior good rises.
  D) quantity of a normal good demanded rises.

Question 2

A situation in which the market system allocates too many resources to the production of a given activity is known as
 
  A) market allocation.
  B) market failure.
  C) market efficiency.
  D) market breakdown.


BUTTHOL369

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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