Author Question: A normal good is a good for which demand increases as: a. the income of consumers increases. b. ... (Read 49 times)

Melani1276 · **on:** Jun 30, 2018

A normal good is a good for which demand increases as:
a. the income of consumers increases.
b. its own price increases.
c. the price of close substitutes decreases.
d. the total number of consumers increases.
e. a reflection of changing consumer tastes.

Question 2

Assuming that clothing is a normal good, an increase in consumer income, other things being equal, would:
a. increase the demand for clothing.
b. decrease the demand for clothing.
c. increase the quantity of clothing demanded.
d. decrease the quantity of clothing demanded