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 43 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
Great answer, keep it coming :)


kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

For a complete list of videos, visit our video library