If a good is normal and income increases, then
A. the demand curve will shift to the right.
B. the supply curve will shift to the left.
C. the supply curve will shift to the right.
D. the demand curve will shift to the left.
Answer: A
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A. simultaneous decisions. B. any type of game. C. games in which timing matters. D. a prisoner's dilemma.
One common measure of the "standard of living" in a nation is ________.
A. real GDP B. population size C. the unemployment rate D. real GDP per capita
A sudden stop will be easier to navigate if the country borrows internationally in foreign currencies and lend locally in its domestic currency
Indicate whether the statement is true or false
When a customer's need for a product is not urgent, demand tends to be
a. elastic c. inelastic b. complementary d. unit elastic