« previous next »

Author Question: Assume that a computer is a normal good. An increase in consumer income, other things being equal, ... (Read 63 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?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Summation of Heart Sounds, Normal Physiological Split of S2 Summation of Heart Sounds, Normal Physiological Split of S2
Average Normal Blood Pressure Readings Average Normal Blood Pressure Readings
Most stepper motors use four wires, which are pulsed by the computer to rotate the armature in ... Most stepper motors use four wires, which are pulsed by the computer to rotate the armature in ...
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
computer short cuts computer short cuts
Action of FMRP protein in normal and fragile-X cells Action of FMRP protein in normal and fragile-X cells
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library