As a result of an increase in consumer incomes, the demand for Meeps has decreased.
Business, 21.02.2020 19:13, Chanman40025
Demand
As a result of an increase in consumer incomes, the demand for Meeps has decreased.
Based on this information, what can we definitely say about what type of good a Meep is?
Choose 1
It is an inferior good.
(B)
It has many substitutes.
©
It is a complement good.
D.
It is a substitute good.
E
It is a normal good.
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Answers: 3
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Demand
As a result of an increase in consumer incomes, the demand for Meeps has decreased.
As a result of an increase in consumer incomes, the demand for Meeps has decreased.
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