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Economics
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An increase in consumer incomes will:

a. Increase the demand for an inferior good

b. Increase the supply of an inferior good

c. Increase the demand for a normal good

d. Decrease the supply of a normal good

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Divya Singh
Divya SinghLv10
14 Oct 2020
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Related questions

If the demand for a good increases when people's incomes increase, ___________
a. the good is an inferior good.
b. the law of demand is violated.
c. the good's demand curve must be slope upward.
d. the good is a normal good.
e. the good is a substitute good for an inferior good.

22) Increases in non-labour income A) increase labour supply because leisure is considered to be a normal good. B) decrease labour supply because leisure is considered to be a normal good. C) increase labour supply because leisure is considered to be an inferior good. D) decrease labour supply because leisure is considered to be an inferior good. E) generally have no effect on labour supply.

14. If an increase in consumer income causes a decrease in the demand for some good, then that good is considered: (a) A dangerous good. (b) An expensive good. (c) An inferior good. (d) A normal good.

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