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Author Question: If X is a normal good, a rise in consumer income will shift the: a. demand curve for X to the ... (Read 90 times)

cmoore54

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on: Jun 30, 2018
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.


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gasdhashg

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

a

Answer to Question 2

d


cmoore54

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

covalentbond

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

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