Author Question: If tofu is a normal good, an increase in income will: a. cause tofu to sell at a lower price. b. ... (Read 46 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
If tofu is a normal good, an increase in income will:
 a. cause tofu to sell at a lower price.
  b. increase the production of tofu.
  c. shift the demand curve for tofu to the left.
  d. shift the demand curve for tofu to the right.
  e. rotate the supply curve in a clockwise manner.

Question 2

If an individual's income increases, then the demand for a normal good will:
 a. decrease.
  b. increase.
  c. remain constant.
  d. rotate.
  e. fall to zero.



Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

d

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library