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

Betty is buying hot dogs for a pacnic. Buns come with packs of 10 and hot dogs comes in packs of 8 .What is the smallest number of each that she will need to bu
Which of the following equations can be used to find three consecutive odd integers whose sum is 147? n+n+1+n+3=147 n+n+1+n+2=147 n+n+n=147 n+n+2+n+4=147
What would the equation of the line be that passes through the points (-2,3) and (0,2)?
Law of Superposition Practice
Please answer the following 4 questions
Does the point (5, 2) satisfy the inequality y < 9x + 4?
Of the following, which is NOT a living organism? Question 2 options: Virus Bacteria Jellyfish Bathtub Pony
An item costs $430 before tax, and the sales tax is $12.90. Find the sales tax rate. Write your answer a a percentage
What is the name of the narrator in "The Outsiders"?
Which of the following best states the relationship between the government company management, and striking workers during the late 1800s? The government nearl