Author Question: Travel by bus and pawn-shop services would be expected to be examples of: a. normal goods. b. ... (Read 100 times)

nevelica · **on:** Jun 30, 2018

Travel by bus and pawn-shop services would be expected to be examples of:
a. normal goods. b. inferior goods.
c. substitute goods. d. complementary goods.

Question 2

Assuming that hamburger is an inferior good, an increase in consumer income, other things being equal, will cause a(n):
a. upward movement along the demand curve for hamburger.
b. rightward shift in the demand curve for hamburger.
c. downward movement along the demand curve for hamburger.
d. leftward shift in the demand curve for hamburger.