rylieisboss368 rylieisboss368
  • 03-01-2020
  • Business
contestada

If demand shifts to the right when income increases, we can conclude that the good is:_____

Respuesta :

ogundeyiolaide ogundeyiolaide
  • 04-01-2020

Answer:

A normal good

Explanation:

Normal goods are goods that are demanded as income level rises. With a higher income level, a rational consumer is expected to have more purchasing power and demand more of a good that is considered normal (hence the name).

Goods that are demanded less as income rises are termed inferior goods. They are the direct opposite of normal goods.

Answer Link

Otras preguntas

Quien invento el tu o de ensayo
what's is the solution to the equation? 2/3a-1/6=1/3 options! a=1/4 a=7/ 12 a=1/6 a=3/4
The average time T takes to manufacture a car in the United States is 24.9 hours .This is 8.1 hours longer than the average time it takes to manufacture a car i
solve the equations 1. 16x^2-1=0 2. 36z^2 96z 15=0
Felicia knits scarves and sells them to her friends. The first week, she knits four scarves and sells three for $50 each. The next week she buys her yarn at a d
Psychologists have concluded that identity is something that is programmed into our genetic code always changing based on circumstances and situations a set of
TRUE OR FALSE: F(x)=-3(x+2)(x-5)^3>0 when x<-2 or x>5 PLEASE HELP!!!!
The probability that Evan purchases a comic book from the bookstore (event A) is 0.67, and the probability that Glen purchases a comic book from the bookstore (
15=5-(c+7) solve the equation
What were THREE risks Americans faced when they tried settling in the "west?