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Author Question: Which of the following increases the demand for a normal good? A) a decrease in income B) an ... (Read 93 times)

Evvie72

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on: Jun 29, 2018
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.


Jody Vaughn

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

D

Answer to Question 2

C


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