Which of the following is true of the demand curve for a normal good?
a. The shape of the individual demand curve for a normal good is necessarily linear

b. The slope of the individual demand curve for a normal good is necessarily positive.
c. The shape of the individual demand curve for a normal good can either be linear or non-linear.
d. The slope of the individual demand curve for a normal good can either be positive or negative.

c

Economics

You might also like to view...

Explain menu costs and shoe leather costs as they relate to inflation

What will be an ideal response?

Economics

How does a tariff affect the government's revenue? How does an import quota affect the government's revenue?

What will be an ideal response?

Economics