Which of the following increases the demand for a normal good?
A) a decrease in income
B) an decrease in the price of a substitute
C) an increase in the price of a complement
D) the price of the good is expected to increase in the future
Question 2
A peak is the
A) lower turning point of a business cycle when an expansion ends.
B) lower turning point of a business cycle when a recession ends.
C) upper turning point of a business cycle when an expansion ends.
D) upper turning point of a business cycle when a recession ends.
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