This topic contains a solution. Click here to go to the answer

Author Question: If X is a normal good, a rise in consumer income will shift the: a. demand curve for X to the ... (Read 100 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
If X is a normal good, a rise in consumer income will shift the:
 a. demand curve for X to the right. b. demand curve for X to the left.
  c. supply curve for X to the right. d. supply curve for X to the left.

Question 2

Assuming that wine is a normal good, an increase in consumer income, other things being equal, will:
 a. cause an upward movement along the demand curve for wine.
  b. shift the demand curve for wine to the left.
  c. cause a downward movement along the demand curve for wine.
  d. shift the demand curve for wine to the right.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gasdhashg

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

a

Answer to Question 2

d




cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
Excellent


cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

For a complete list of videos, visit our video library