An increase in the price of good causes a decline in demand for:

a. Normal goods.

b. Its complements

c. Inferior goods

d. Its substitutes.

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19 Oct 2020

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An increase in the price of good causes a decline in demand for:

a. Normal goods.

b. Its complements

c. Inferior goods

d. Its substitutes.

Unlock all answers

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Principles of Economics

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An increase in the price of good causes a decline in demand for: a. Normal goods. b. Its complements c. Inferior goods d. Its substitutes.

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

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An increase in the price of good causes a decline in demand for:

a. Normal goods.

b. Its complements

c. Inferior goods

d. Its substitutes.