Section: Principles of Microeconomics

Question 7 of 30

7) If an increase in the price of beef causes a decrease in the sales of chicken then

Beef and chicken are complement goods.
Beef and chicken are substitute goods.
Chicken is considered to be an inferior good
Beef is considered to be a luxury good
Beef is a necessary good

Previous Question

Next Question

Save Your Exam to complete it later

Mark For Review | Grade My Exam | View Answer