Question

If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be:______.

Answer 1

If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be B to A.

What happens when prices rise?

For Normal goods, a rise in prices would mean a fall in the quantity demanded. This is shown by the demand curve which shows the relationship between the quantity demanded and price.

When there is a price change, the movement will be along the demand curve which means that the demand curve would see a movement from Point B to Point A for coconuts.

Find out more on price changes and the demand curve at brainly.com/question/1139186

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