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Author Question: Assuming that automobiles are normal goods, a rise in consumer income, other things being equal, ... (Read 30 times)

michelleunicorn

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on: Jun 30, 2018
Assuming that automobiles are normal goods, a rise in consumer income, other things being equal, will cause:
 a. the demand curve for automobiles to shift to the left.
  b. the demand curve for automobiles to shift to the right.
  c. a downward movement along the demand curve for automobiles.
  d. an upward movement along the demand curve for automobiles.

Question 2

Assuming that travel from New York to Los Angeles is a normal good, a decrease in consumer income, other things being equal, will:
 a. decrease the quantity demanded of travel to Los Angeles.
  b. increase the demand for travel to Los Angeles.
  c. decrease the demand for travel to Los Angeles.
  d. increase the quantity of travel to Los Angeles demanded.


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Tonyam972

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

b

Answer to Question 2

c


michelleunicorn

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Reply #2 on: Jun 30, 2018
Thank you


Tonyam972

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Reply #3 on: Jun 30, 2018
No problemo


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