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:

Verified
Correct Answer:
Verified
Q110: At the equilibrium price, deadweight loss is:<br>A)
Q117: Suppose Jones sells a good for $100
Q136: Other things being equal, a fall in
Q138: Exhibit 3-6 Milk market <span
Q139: Exhibit 3A-2 Comparison of Market Efficiency and
Q140: Deadweight loss results from a misallocation of
Q145: Which of the following pairs is the
Q146: Producer surplus:<br>A) measures the value between the
Q162: A technological improvement in the production of
Q164: A movement along the demand curve for