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

If you multiply a number by five and then subtract negative ten, the difference is negative thirty. What is the number?
In what respect does an atom of magnesium differ from a magnesium ion (Mg^{2+})? (A)The ion has a more stable electronic arrangement than the atom. (B)The pos
Locate the gerund and identify its use.Wrestling alligators seems both foolish and dangerous.
What is 2.333333 in fraction form
Why was there growing involvement of the USA in Europe in the years 1945-48 ??
Why does a pendulum eventually stop swinging?
Genetic crosses Question:A brown coat is dominant to a white coat in cattle.  A farmer has a brown bull.  How would you determine whether the bull is a heteroz
What is the solution to this system of linear equations: y-x=4 and y+2x=1 1) (-1,3) 2) (0,4) 3) (1,-1) 4) (-3,3)
What is the solution to this system of linear equations: y-x=4 and y+2x=1 1) (-1,3) 2) (0,4) 3) (1,-1) 4) (-3,3)
what is the sum of 6 7/8 + 4 5/8