Solved

Assuming That Wine Is a Normal Good, an Increase in Consumer

Question 141

Multiple Choice

Assuming that wine is a normal good, an increase in consumer income, other things being equal, will:


A) cause an upward movement along the demand curve for wine.
B) shift the demand curve for wine to the left.
C) cause a downward movement along the demand curve for wine.
D) shift the demand curve for wine to the right.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions