Question
Average consumer income increases by 5%. Which of the following must be true for a normal good? A. The demand for the good increases by
Average consumer income increases by 5%. Which of the following must be true for a normal good?
A. The demand for the good increases by 5%
B. The demand for the good decreases
C. The demand for the good does not change
D. The quantity demanded for the good increases
E. The quantity demanded for the good decreases
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
