A demand curve for a normal good
A) slopes upward and to the right.
B) is constructed based on the assumption that income is rising.
C) is constructed based on the assumption that an inverse relationship exists between price and income.
D) shows the inverse relationship between price and quantity demanded.
D
Economics
You might also like to view...
The emergence of the subprime mortgage market following the recession of 2001 set off a boom in the housing industry
a. True b. False Indicate whether the statement is true or false
Economics
As interest rates rise, more and more investments become profitable for a firm
a. True b. False Indicate whether the statement is true or false
Economics