f Cody's demand for grapefruit rises when the price of oranges rises, then for Cody a. Oranges are a complement for grapefruit b. Grapefruit is a normal good C. Grapefruit is an inferior good d. Oranges are a substitute for grapefruit

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
C. a fall in the price of peanuts
d. a rise in the price of peanuts
QUESTION 33
If Cody's demand for grapefruit rises when the price of oranges rises, then for Cody
a. Oranges are a complement for grapefruit
b. Grapefruit is a normal good
C. Grapefruit is an inferior good
d. Oranges are a substitute for grapefruit
QUESTION 34
If lemonade is a normal good, which of the following would cause the equilibrium price
to fall?
Transcribed Image Text:C. a fall in the price of peanuts d. a rise in the price of peanuts QUESTION 33 If Cody's demand for grapefruit rises when the price of oranges rises, then for Cody a. Oranges are a complement for grapefruit b. Grapefruit is a normal good C. Grapefruit is an inferior good d. Oranges are a substitute for grapefruit QUESTION 34 If lemonade is a normal good, which of the following would cause the equilibrium price to fall?
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