This topic contains a solution. Click here to go to the answer

Author Question: If X is a normal good, a rise in consumer income will shift the: a. demand curve for X to the ... (Read 95 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
If X is a normal good, a rise in consumer income will shift the:
 a. demand curve for X to the right. b. demand curve for X to the left.
  c. supply curve for X to the right. d. supply curve for X to the left.

Question 2

Assuming that wine is a normal good, an increase in consumer income, other things being equal, will:
 a. cause an upward movement along the demand curve for wine.
  b. shift the demand curve for wine to the left.
  c. cause a downward movement along the demand curve for wine.
  d. shift the demand curve for wine to the right.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gasdhashg

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

a

Answer to Question 2

d




cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
Wow, this really help


atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

For a complete list of videos, visit our video library