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Author Question: A normal good is a good for which demand increases as: a. the income of consumers increases. b. ... (Read 64 times)

Melani1276

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on: Jun 30, 2018
A normal good is a good for which demand increases as:
 a. the income of consumers increases.
  b. its own price increases.
  c. the price of close substitutes decreases.
  d. the total number of consumers increases.
  e. a reflection of changing consumer tastes.

Question 2

Assuming that clothing is a normal good, an increase in consumer income, other things being equal, would:
 a. increase the demand for clothing.
  b. decrease the demand for clothing.
  c. increase the quantity of clothing demanded.
  d. decrease the quantity of clothing demanded


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Jbrasil

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Melani1276

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Reply 2 on: Jun 30, 2018
:D TYSM

tkempin

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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