Question
Mr. Hildago will experience a substantial increase in income when he accepts a new position at work. Even though the responsibilities of his new job
Mr. Hildago will experience a substantial increase in income when he accepts a new position at work. Even though the responsibilities of his new job are moretaxing, he is excited to spend some of his higher income. Mr. Hildago knows that a good can be characterized as either a normal good or an inferior good and that whether he buys more or less of the good depends on whether or not the good is normal or inferior.
The demand curve in the diagram to the right represents anormal good.
Using the line drawingtool, illustrate the correct direction of the shift of the demand curve due to Mr.Hildago's increase in income. Properly label this line.
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