An increase in consumer income will increase demand for a _________ but decrease demand for a?

Related Mcqs:

Macroeconomics deals with?

A. the behavior of the electronics industry B. the behavior of firms C. economics aggregates D. the activities of individual units...

The opportunity cost of a good is______________?

A. the time lost in finding it B. the quantity of other goods sacrificed to get another unit of that good C. the expenditure on the good D. the loss of interest in using savings...

Inflation is___________________?

A. a decrease in the overall price level. B. an increase in the overall price level. C. an increase in the overall level of economic activity. D. a decrease in the overall level of economics activity...

Unemployment means that ?

A. there is excess demand in the labour market B. there are some people who will not work at the going wage rate. C. people are not willing to work at the going wage rate. D. at the going wage rate, there are people who want to work but cannot find work....

A market can accurately be described as_________________?

A. a place to buy things B. a place to sell things C. the process by which prices adjust to reconcile the allocation of resources D. a place where buyers and sellers meet...