Author Question: In the case of a normal good, an increase in consumers' incomes would shift the a. demand curve ... (Read 136 times)

javeds

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In the case of a normal good, an increase in consumers' incomes would shift the
 a. demand curve inward
  b. supply curve inward
  c. supply curve outward
  d. supply and demand curves inward
  e. demand curve outward

Question 2

The difference between normal and inferior goods is that
 a. normal goods are of better quality than inferior goods
  b. an increase in price will shift the demand curve for a normal good rightward and the demand curve for an inferior good leftward
  c. if the price of a normal good increases, individuals who buy it are poorer; for inferior goods, the opposite is true
  d. an inferior good is something that will not be demanded until quantities of the normal good have been exhausted
  e. an increase in income will shift the demand curve for a normal good rightward and the demand curve for an inferior good leftward


nicoleclaire22

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Answer to Question 1

E

Answer to Question 2

E



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