Scarcity and durability characterize the property of money as a medium of exchange.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which of the following would most likely increase the price of chicken, a normal good?
a. a reduction in the price of grains used to produce chicken feed
b. a reduction in the price of beef, a substitute for chicken
c. unusually hot weather that kills millions of chickens before they are ready for market
d. a decrease in consumer income