객관식
Which of the following would shift the demand curve for watches to the right?
162
views
3. Supply and Demand
Shifting Demand
객관식
If consumers' incomes rise, the demand curve for a normal good will shift:
A
to the right
B
downward and become flatter
C
upward and become steeper
D
to the left
검증된 단계별 안내1
Understand the definition of a normal good: a good for which demand increases as consumer income rises.
Recall that the demand curve shows the relationship between the price of a good and the quantity demanded, holding other factors constant.
When income increases, for a normal good, consumers are willing and able to buy more at every price level, which means the entire demand curve shifts.
A shift to the right of the demand curve indicates an increase in demand at all price points.
Therefore, the demand curve for a normal good shifts to the right when consumers' incomes rise.
관련 영상
관련 실천
