Author Question: If tofu is a normal good, an increase in income will: a. cause tofu to sell at a lower price. b. ... (Read 132 times)

dmcintosh

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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

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Answer to Question 1

d

Answer to Question 2

b



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