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If the demand for macaroni and cheese decreases as income increases, macaroni and cheese is a(n)

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If the demand for macaroni and cheese decreases as income increases, macaroni and cheese is a(n)

Question 1.

As Tabitha consumes more ice cream sundaes within a given period of time, it is likely that each additional sundae consumed will

▸ bring her successively more satisfaction.

▸ bring her successively less satisfaction.

▸ increase her quantity demanded for ice cream sundaes.

▸ increase the supply of ice cream sundaes.

Question 2.

If the demand for macaroni and cheese decreases as income increases, macaroni and cheese is a(n)

▸ complementary good.

▸ normal good.

▸ inferior good.

▸ substitute good.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 106 times

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This site is awesome

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