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.
Answer: B
Economics
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A COLA automatically raises the wage when
a. GDP increases. b. taxes increase. c. the consumer price index increases. d. the producer price index increases.
Economics
If a country went from a government budget deficit to a surplus, national saving would
a. increase, shifting the supply of loanable funds right. b. increase, shifting the supply of loanable funds left. c. decrease, shifting the demand for loanable funds right. d. decrease, shifting the demand for loanable funds left.
Economics