« previous next »

Author Question: Assume that a computer is a normal good. An increase in consumer income, other things being equal, ... (Read 58 times)

nramada

  • Hero Member
  • *****
  • Posts: 580
on: Jun 30, 2018
Assume that a computer is a normal good. An increase in consumer income, other things being equal, would:
 a. cause an upward movement along the demand curve for computers.
  b. cause a downward movement along the demand curve for computers.
  c. shift the demand curve for computers to the left.
  d. shift the demand curve for computers to the right.

Question 2

If the demand for a good increases because consumer income increases, the good is a(n):
 a. inferior good. b. normal good.
  c. necessity good. d. luxury good.


micaelaswann

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Changes in the bronchioles during an asthma attack: (a) Normal bronchiole; (b) the inflammatory comp Changes in the bronchioles during an asthma attack: (a) Normal bronchiole; (b) the inflammatory comp
The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ... The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ...
Average Normal Blood Pressure Readings Average Normal Blood Pressure Readings
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Infant mortality by income quintile, urban Canada, 1996 Infant mortality by income quintile, urban Canada, 1996
Two normal frequency distributions with the same mean but different amounts of variation Two normal frequency distributions with the same mean but different amounts of variation
Video: Forming urine ( influencing factors), Forming dilute urine & Forming concentrated urine

For a complete list of videos, visit our video library