21. Chapter ma2pe08r, Section .42, Problem 090 (ID: 090.04.2 - MC - MANK08) If a good is...

Question

Question

21. Chapter ma2pe08r, Section .42, Problem 090 (ID: 090.04.2 - MC - MANK08)

If a good is normal, then an increase in income will result in a(n)

a.

increase in the demand for the good.

b.

decrease in the demand for the good.

c.

movement down and to the right along the demand curve for the good.

d.

movement up and to the left along the demand curve for the good.

Answer 1

Answer #1

Ans: a ) increase in the demand for the good.

Explanation :

The demand for the good increases when an increase in income then that good is called a normal good. Opposite is the case when income decreases.

Answer 2

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