An decrease in quantity supplied is represented by a leftward ...

[dejastew]

An decrease in quantity supplied is represented by a leftward shift of the supply curve.
 
  Indicate whether the statement is true or false

Question 2

If the quantity demanded for a good rises as income rises then the income elasticity of demand for this good is ________ than 0, and the good is ________ good.
 
  A) less; an inferior B) less; a normal C) greater; a normal D) greater; an inferior

[scikid]

Answer to Question 1

FALSE

Answer to Question 2

C

[dejastew]

Thank you

[scikid]

Happy to help you