This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If X is a normal good, a rise in consumer income will shift the: a. demand curve for X to the ... (Read 96 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
Excellent

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Changes in bronchioles during an asthma attack: (A) normal bronchiole and (B) in asthma attack. Changes in bronchioles during an asthma attack: (A) normal bronchiole and (B) in asthma attack.
A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
Kneeling on one knee to keep good alignment when massaging the arms and hands. Kneeling on one knee to keep good alignment when massaging the arms and hands.
A Normal Fault A Normal Fault
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library