65) If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is
Answer is:
an inferior good.
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
the marginal cost of providing ice cream cones increases as more cones are produced.
Answer is:
a decrease in the price of watch batteries if watch batteries and watches are complements
Answer is:
an increase in the price of watches.
Answer is: