My income rose and the price of good y rose also.That means that my demand curve for good X shifted right.
A) This statement is always true
B) This statement will always be true if good y is a substitute for good x
C) This statement will always be true if good x is a normal good
D) This statement will always be true if good y is a substitute for x and x is a normal good
Correct Answer:
Verified
Q2: If the supply curve is S, at
Q4: The price of peanut butter rises due
Q5: A new technology is announced which allows
Q6: A hailstorm kills all of the wheat
Q8: The real price of a product is
A)Its
Q9: If the Surgeon General announces that colas
Q10: Which is not true of market equilibrium?
A)All
Q11: If income rises
A)The demand curve will shift
Q16: If the State of California decides to
Q18: A war in the Middle East causes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents