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nasty-shy [4]
3 years ago
5

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

Business
1 answer:
11111nata11111 [884]3 years ago
7 0

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.

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3 years ago
Isocost lines Question 28 options: A) are dependent upon the costs of a firm's inputs. B) are dependent upon the technical effic
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Answer:

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2 years ago
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The main elements of market structure are _____. perfect competition, monopolistic competition, monopoly, and oligopoly perfect
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6 0
2 years ago
Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $90,10
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Answer:

b. $127,200

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