If both the products X & Y are normal goods

Related MCQs

• In the case of normal goods, the quantity demanded varies inversely with:
• When an individual’s income rises, when everything else remains the same, his demand for normal goods:
• Inferior goods are the goods with
• When individuals income rises (everything remain the same) his demand for a normal good
• When individuals income falls (everything remain the same) his demand for a normal good
• The normal condition of a capitalist economy in classical theory is:
• Economic cost include both
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• When both the price of a substitute and the price of complement of X rises, the demand for X:
• When investment is negatively related to the rate of interest, equilibrium output in the goods market: