If gasoline is a normal good and all else is equal, when average consumer income falls, the demand curve for gasoline will:
A) shift to the right.
B) shift to the left.
C) see a movement upward to the left along the curve.
D) see a movement downward to the right along the curve.

Question

Quizplus · Accepted Answer

When average consumer income falls, the demand for a normal good like gasoline decreases, leading to a leftward shift in the demand curve. This is because consumers have less money to spend, reducing their purchasing power for goods that are not necessities.

If Gasoline Is a Normal Good and All Else Is