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

where does the shadow of the shuttle in space form?
How many flags are in this wolld ;)
Where did the Greeks believe that most gods lived
Which expression can be used to change 75 kilometers per hour to meters per minute?
What is a synonym for sensory language?A.simileB.fluencyC.metaphorD.imagery im thinkin D?
Rachel and David share 40 biscuits between them in the ratio 2:3, How many biscuits do they each get?
Convert the general form of the circle given into standard form. 2x^2 + 2y^2 - 20x - 8y + 50 = 0
Which characteristic is shared by sonnets and haiku?
If the length of each side of a square prism is ten feet. Find the total surface area of this object
where will you find maximum rate of evaporation - ocean, pond or an aquarium? Give reason to support your answer.