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Author Question: If tofu is a normal good, an increase in income will: a. cause tofu to sell at a lower price. b. ... (Read 145 times)

dmcintosh

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  • Posts: 517
on: Jun 30, 2018
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
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  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


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