A. substitute good, inferior good
B. normal good inferior good
C. inferior good normal good
D. normal good, complementary good
A. substitute good
B. complementary good
C. bargain
D. inferior good
A. incomes
B. prices of related goods
C. tastes
D. all of the above
A. the price of related goods consumer income
B. consumer incomes, tastes
C. the costs of production bank opening hours
D. the price of related goods preferences
A. Everything is sold
B. Buyers spend all their money
C. Quantity demanded equal quality supplied
D. Excess demanded equals quantity
E. C and D
A. Demand
B. Supply
C. Excess demand
D. Excess supply
A. moves down to the right
B. moves up to the left
C. moves up to the right
D. moves down to the left
A. 20%
B. 2%
C. 12%
D. 16%
A. construct price lists
B. compare shop prices
C. measure changes in the cost of living
D. None of the above
A. they suggest relationships for explanation, allow testing of hypotheses
B. they can be used for tables, they can be graphed
C. they can be used in computers governments use them
D. they provide interesting information can be summarized