During a very bad recession the nations disposable income fell by 10 percent, while its consumption of

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During a very bad recession the nation’s disposable income fell by 10 percent, while its consumption of a certain good rose by 5 percent. That good was _______good.

a) a complementary

b) a substitute

c) a normal good

d) an inferior good.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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During a very bad recession the nations disposable income fell by 10 percent, while its consumption of

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The correct answer is c a normal good When the nations disposable income fell by 10 percent ...View the full answer

Microeconomics

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