The demand curve for a normal good shifts left-ward if...

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The demand curve for a normal good shifts left-ward if income

The demand curve for a normal good shifts left-ward if income ____ or the expected future price ____. A) decreases; falls B) decreases; rises C) increases; falls D) increases; rises Answer: A
If income increases or the price of a complementfalls,
If income decreases or the price of a complement rises,
A consumer might consider in-line skates and elbow-pads to be
A decrease in the price of a game of bowling shifts the A) demand curve for bowling balls leftward. B) demand curve for bowling balls rightward. C) supply curve of bowling balls leftward. D) supply curve of bowling balls rightward. Answer: B
Normal goods are those for which demand decreases as
A normal good is a good for which
Most goods
A normal good is a good for which demand A) decreases when income increases. B) increases when income increases. C) decreases when population increases. D) increases when population increases. Answer: B
Inferior goods are those for which demand in-creases as
A) want that is not expressed by demand. B) normal substitute good. C) good for which demand decreases when its price rises. D) good for which demand decreases when income increases. Answer: D If a good is an inferior good, then purchases of that good will decrease when
An inferior good is a good for which demand
Gruel is an inferior good. Hence, a decrease in people’s incomes A) shifts the supply curve of gruel leftward.

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