Author Question: If tofu is a normal good, an increase in income will: a. cause tofu to sell at a lower price. b. ... (Read 112 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
If tofu is a normal good, an increase in income will:
 a. cause tofu to sell at a lower price.
  b. increase the production of tofu.
  c. shift the demand curve for tofu to the left.
  d. shift the demand curve for tofu to the right.
  e. rotate the supply curve in a clockwise manner.

Question 2

If an individual's income increases, then the demand for a normal good will:
 a. decrease.
  b. increase.
  c. remain constant.
  d. rotate.
  e. fall to zero.



Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

d

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

For a complete list of videos, visit our video library