For this case, what you should remember is the demand curve.
The vertical axis represents the price.
The horizontal axis represents the quantity.
In this curve we see that the quantity demanded decreases at a higher price.
The lower price the quantity demanded increases.
Answer:
<span> b. the income effect.
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The answer is: A CYCLICAL PRODUCT. A cyclical product is one that is sensitive to the state of the economy; the demand for the product will be high during the time of economic prosperity and low during the time of economy down turn.
The remaining amount of an employee's gross pay after deductions, such as taxes and retirement contributions, are made.
Shop-n-save is engaging in what we call diverting. This a run through in sales in which goods envisioned for a certain market are diverted or unfocussed to be traded in another, typically without the awareness and knowledge or authorization of the main vendor.
