-Refer to Exhibit 3-2.Which of the following would result in a movement from point B on D₂ to point A on D₁? A) There was an increase in income (assuming that good X is an inferior good)and technology remained constant. B) There was an increase in income (assuming that good X is a normal good)and technology remained constant C) There was an increase in income (assuming that good X is an inferior good)and technology improved. D) There was an increase in income (assuming that good X is a normal good)and technology declined.

Question

Quizplus · Accepted Answer

If good X is an inferior good, an increase in income would decrease its demand, causing a shift from D2 to D1.

​ ​-Refer to Exhibit 3-2.Which of the Following Would Result in Result

-Refer to Exhibit 3-2.Which of the Following Would Result in Result