If X is a normal good, an increase in income will shift the
A. demand curve for X to the left.
B. supply curve for X to the left.
C. supply curve for X to the right.
D. demand curve for X to the right.
Answer: D
Economics
You might also like to view...
Monopolistic competition is considered inefficient because
a. price exceeds marginal cost. b. output is excessive. c. long-run profits are positive. d. barriers to entry limit the number of firms in the market.
Economics
The single largest expenditure by state and local governments is on
a. highways. b. police. c. public welfare. d. education.
Economics