46. Suppose people buy more of good 1 when the price of good 2 falls. These goods are
47. The quantity demanded is
48. When economists speak of preferences as influencing demand, they are referring to
49. Over the past decade technological improvements that have lowered the cost of producing an automobile have increased
50. If a good is an inferior good, then purchases of that good will decrease when
51. Each point on the demand curve reflects
52. Each point on a supply curve represents
53. The opportunity cost of a hot dog in terms of hamburgers is
54. Normal goods are those for which demand decreases as
55. A supply curve shows the relation between the quantity of a good supplied and
56. A relative price is
57. If income increases or the price of a complement falls
58. A normal good is a good for which
59. If income decreases or the price of a complement rises
60. A complement is a good
Spreading Knowledge Across the World
United States, United Kingdom, India, Nigeria, Philippines, Pakistan, Nepal, Singapore, Indonesia, Bangladesh, Ghana, United Arab Emirates, Kenya, Canada, Malaysia, Australia, Iran, South Africa, Uganda, France, Ireland, Egypt, Tanzania, Ethiopia, Thailand, Sri Lanka, Cameroon, Hong Kong, Spain, Vietnam, New Zealand, Japan, Brazil, Saudi Arabia, Zambia, Czechia, Italy, Russia, Myanmar (Burma), Netherlands, Germany, Romania, Mexico, Rwanda, Sierra Leone, Turkey, Zimbabwe, Poland, Iraq, Cyprus, Algeria, Liberia, Greece, Jamaica, Malawi, Qatar, Portugal, South Korea, Argentina, Colombia, Morocco, Peru, Kuwait, Lithuania, Finland, Somalia, Israel, Bulgaria, Chile, Hungary, Trinidad & Tobago, Uzbekistan, Ukraine, Sweden, Kazakhstan, Norway, Macedonia, Benin, Switzerland, Oman, Botswana, Belgium, Ecuador, Slovakia, China, Croatia, Brunei, Serbia, Papua New Guinea, Bahrain, Guyana, Denmark, Lesotho, Lebanon, Jordan, Azerbaijan, Latvia, Cambodia, Namibia, Mauritius, Austria, Mongolia, Albania, Libya, Gambia, Taiwan, Bhutan, Venezuela, Dominican Republic, Tunisia, Luxembourg, Bosnia & Herzegovina, Guatemala, Solomon Islands, Guam, Costa Rica, Yemen, Bolivia, and many more ...