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Author Question: Assuming that dry cleaning is a normal good, an increase in consumer income, other things being ... (Read 24 times)

humphriesbr@me.com

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on: Jun 30, 2018
Assuming that dry cleaning is a normal good, an increase in consumer income, other things being equal, will:
 a. increase the demand for dry cleaning.
  b. decrease the demand for dry cleaning.
  c. increase the quantity demanded of dry cleaning.
  d. decrease the quantity of dry cleaning demanded.

Question 2

For a normal good, an increase in consumer income will cause the market demand for the product to:
 a. decrease, which is a shift to the left of the demand curve.
  b. decrease, which is a shift to the right of the demand curve.
  c. increase, which is a shift to the left of the demand curve.
  d. increase, which is a shift to the right of the demand curve.


jennafosdick

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

a

Answer to Question 2

d


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