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Author Question: Assume that a computer is a normal good. An increase in consumer income, other things being equal, ... (Read 70 times)

nramada

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on: Jun 30, 2018
Assume that a computer is a normal good. An increase in consumer income, other things being equal, would:
 a. cause an upward movement along the demand curve for computers.
  b. cause a downward movement along the demand curve for computers.
  c. shift the demand curve for computers to the left.
  d. shift the demand curve for computers to the right.

Question 2

If the demand for a good increases because consumer income increases, the good is a(n):
 a. inferior good. b. normal good.
  c. necessity good. d. luxury good.


micaelaswann

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

d

Answer to Question 2

b


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