When the price of a good changes, the quantity of that good demanded rises. What kind of good must it be, and in which direction must price have moved, for this outcome to be guaranteed?
- Ainferior; fall
- Binferior; rise
- Cnormal; fall
- Dnormal; rise
Economics 9708 · AS & A Level · Demand and supply curves
When the price of a good changes, the quantity of that good demanded rises. What kind of good must it be, and in which direction must price have moved, for this outcome to be guaranteed?