If X is a normal good, a rise in money income will shift the:
A. supply curve for X to the right.
B. demand curve for X to the left.
C. demand curve for X to the right.
D. supply curve for X to the left.
Answer: C
Economics
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The international trade effect states that
A) an increase in the price level will raise net exports. B) an increase in the price level will lower net exports. C) an increase in the price level will raise exports. D) an increase in the price level will lower imports.
Economics
For movements along the long-run aggregate supply curve,
What will be an ideal response?
Economics