All else being equal, if an average family's income were to decrease because of the elimination of a marginal source of income like weekly overtime work, what types of goods might be more in demand? Choose any that apply A. Gasoline B. Cheaper varieties of food C. Off-brand jeans D. Fine dining at expensive restaurants
All else being equal, if an average family's income were to decrease because of the elimination of a marginal source of income like weekly overtime work, what types of goods might be more in demand? Choose any that apply A. Gasoline B. Cheaper varieties of food C. Off-brand jeans D. Fine dining at expensive restaurants
Chapter2: Career Planning
Section: Chapter Questions
Problem 5LTAI
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All else being equal, if an average family's income were to decrease because of the elimination of a marginal source of income like weekly overtime work, what types of goods might be more in demand? Choose any that apply
A. Gasoline
B. Cheaper varieties of food
C. Off-brand jeans
D. Fine dining at expensive restaurants
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