Assume that a computer is a normal good. An increase in consumer income, other things being equal, would:
a. cause an upward movement along the demand curve for computers.
b. cause a downward movement along the demand curve for computers.
c. shift the demand curve for computers to the left.
d. shift the demand curve for computers to the right.
d
You might also like to view...
When economic profits are positive, accounting profits
A) must be positive. B) will be negative. C) will equal zero. D) could be positive, negative or zero.
The supply of loanable funds slopes
a. upward because an increase in the interest rate induces people to save more. b. downward because an increase in the interest rate induces people to save less. c. downward because an increase in the interest rate induces people to invest less. d. upward because an increase in the interest rate induces people to invest more.