An increase in income will usually shift out the demand for a product.
Group of answer choices
True
False
Answer
True
An increase in income increases demand of the product and shifts the demand curve for the product to the right, as generally, we talk about normal goods but inferior goods demand shifts to the left or inside.
Income and normal goods are positively related where income and inferior goods are negatively related.
An increase in income will usually shift out the demand for a product. Group of answer...
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Angel investors are usually public investors. Group of answer choices True False
Aggregate Demand is always equal to Gross Domestic Product Group of answer choices True False Which of the following is NOT true about GDP as an indicator of how well or how poorly the economy is performing. Group of answer choices GDP is not a good indicator because the U.S. is a "24/7" economy, while other economies value time off GDP is not a good indicator because it can be undervalued GDP is not a good indicator because it takes...
Question 9 =mirr() usually presumes that the inflows/outflows are usually discounted/compounded at the WACC Group of answer choices True False
Demand is inelastic if the price elasticity of demand is greater than 1. Group of answer choices True False
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How will shift right in supply affect equilibrium price, assuming demand remains constant? a. increase b. decrease c.will not affect it d. cannot be determined According to the law of demand, if the price of a good decreases, its Qd? a. decreases b. increases c. goes to zero d. stays constant According to the income effect, price changes equal changes in? a. money income b.real income c.demand d. utility on the demand curve a chance in price leads a. no...
A rightward shift of the market demand curve for MP3 players, ceteris paribus, causes equilibrium Group of answer choices a Price to increase and equilibrium quantity to decrease. b Price to increase and equilibrium quantity to increase. c Price to decrease and equilibrium quantity to decrease. d Price to decrease and equilibrium quantity to increase.
If the Fed decreases reserve requirements, the money supply will increase. Group of answer choices True False
The demand for Rice Krispies is more elastic than the demand for cereal in general. Group of answer choices True False