True/False
When consumers' incomes increase, the price of a normal product or service rises.
Correct Answer:
Verified
Related Questions
Q173: When demand increases, price falls to eliminate
Q174: Farm land can be used to produce
Q175: Prices rise if supply decreases.
Q176: When supply increases, price rises and quantity
Q177: Prices rise if demand increases.
Q179: When demand decreases, price falls to eliminate
Q180: When demand decreases, price falls and quantity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents