Author Question: Assume that a computer is a normal good. An increase in consumer income, other things being equal, ... (Read 32 times)

nramada

  • Hero Member
  • *****
  • Posts: 580
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
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?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

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

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

For a complete list of videos, visit our video library