Question: The market demand for a good will decrease . ( LO1 , 2 ) a) as income decreases if the good is an inferior good
The market demand for a good will decrease
. ( LO1 , 2 )
a) as income decreases if the good is an inferior good
b) if the market price of a substitute good increases
c) as income decreases if the good is a normal good
d) if the market price of a complementary good decreases
e) as the number of consumers in the market increases
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
