If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is ?

Related Mcqs:

The law of demand states that an increases in the price of a good ?

A. None of these answers B. decreases the quantity supplied of that good C. decreases the quantity demanded for that good D. increases the quantity supplied of that good...

An increase in demand for a product should ?

A. Increase equilibrium price and quantity B. Decrease equilibrium price and quantity C. Increase equilibrium price and decrease quantity D. Decrease equilibrium price and increase quantity...

The reason for the kinked demand curve is that ?

A. The oligopolist believes that competitors will match output increase but not output reduction B. The oligopolist believes that competitors will match price increase but not output reduction C. The oligopolist believers that competitors will match price cuts but not price rises D. The oligopolist believes that competitors will match price increase but not output … The reason for the kinked demand curve is that ?Read More...

The social costs of monopoly power arises because ?

A. marginal cost is set equal to marginal revenue B. price is less than marginal cost C. marginal consumer benefit is less than marginal revenue D. there is too little output at too high a cost...

The price mechanism cannot ?

A. Act as a signal B. Act as a incentive C. Act as a rationing device D. shift the demand curve...