Good X is a normal good. If the average income of those who buy good X rises, resulting in a(n) in the the curve for good X will shift in the equilibrium price of X and a(n) equilibrium quantity of X. a. demand; leftward; decrease; decrease b. supply; leftward; increase; increase C. supply; leftward; increase; decrease d. demand; rightward; increase; increase e. supply; rightward; decrease; increase.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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Good X is a normal good. If the average income of those who buy good X rises,
resulting in a(n)
the
curve for good X will shift
in the equilibrium price of X and a(n)
in the
equilibrium quantity of X.
O a. demand; leftward; decrease; decrease
b. supply; leftward; increase; increase
O c. supply; leftward; increase; decrease
d. demand; rightward; increase; increase
e. supply; rightward; decrease; increase.
Transcribed Image Text:Good X is a normal good. If the average income of those who buy good X rises, resulting in a(n) the curve for good X will shift in the equilibrium price of X and a(n) in the equilibrium quantity of X. O a. demand; leftward; decrease; decrease b. supply; leftward; increase; increase O c. supply; leftward; increase; decrease d. demand; rightward; increase; increase e. supply; rightward; decrease; increase.
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