A normal good is one:
A. whose amount demanded will increase as its price decreases.
B. whose amount demanded will increase as its price increases.
C. whose demand curve will shift leftward as incomes rise.
D. for which the consumption varies directly with income.
Answer: D
Economics
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Economics
If a good is a normal good, an increase in income will
A) decrease the quantity demanded of the good. B) increase the demand for the good. C) cause the demand curve for the good to shift to the left. D) cause a movement down along the demand curve.
Economics