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

Author Question: Assuming that automobiles are normal goods, a rise in consumer income, other things being equal, ... (Read 46 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
Assuming that automobiles are normal goods, a rise in consumer income, other things being equal, will cause:
 a. the demand curve for automobiles to shift to the left.
  b. the demand curve for automobiles to shift to the right.
  c. a downward movement along the demand curve for automobiles.
  d. an upward movement along the demand curve for automobiles.

Question 2

Assuming that travel from New York to Los Angeles is a normal good, a decrease in consumer income, other things being equal, will:
 a. decrease the quantity demanded of travel to Los Angeles.
  b. increase the demand for travel to Los Angeles.
  c. decrease the demand for travel to Los Angeles.
  d. increase the quantity of travel to Los Angeles demanded.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tonyam972

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

b

Answer to Question 2

c





 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

For a complete list of videos, visit our video library