Decrease in income would lead

Assignment Help Business Economics

Reference no: EM13733402

Suppose good X is a normal good. Then a decrease in income would lead to

a. an outward shift of the demand curve.

b. an inward shift of the demand curve.

c. no shift of the demand curve.

d. a movement along the demand curve.

Reference no: EM13733402

Questions Cloud

Impact of BRICS proposal for a new World Bank and IMF : What would be the impact of BRICS' proposal for a new World Bank and IMF, if implemented, on US voting power and the dollar? What would be the impact of BRICS' proposal for a new World Bank and IMF, if implemented, on the voting powers of England, Ge..

Equilibrium quantity increase : Picture Assume the market is in equilibrium in the graph shown at demand D and supply S1. If the supply curve shifts to S2, and a new equilibrium is reached. Equilibrium quantity increase from 4 to 4.5 units.

What is the inflation premium : You are considering an investment in 30-year bonds issued by Moore Corporation. The bonds have no special covenants. The Wall Street Journal reports that one year T-bills are currently earning 3.25 percent. What is the inflation premium?

Developed a new professional sports league : NBC executives have developed a new professional sports league—the XBL (Extreme Badmiton League). The short-run production function for televised games has been determined to be Q=25L-2.25L2, where L is the number of players.

Decrease in income would lead : Suppose good X is a normal good. Then a decrease in income would lead to

What is the incremental maintenance cost of camry : You are trying to decide between buying a Toyota Camry and Honda accord. The initial cost of Camry and accord are $23,000 and $25,000, respectively but the annual maintenance of Camry is estimated to be $200 more compared to accord. What is the incre..

Decision whether to buy new press machine : When considering the decision whether to buy a new press machine for your publishing house, which of the following costs will you NOT consider?

Duty of parties to meet and negotiate at reasonable times : Good-faith bargaining generally refers to the duty of the parties to meet and negotiate at reasonable times with willingness to reach agreement on matters within the scope of representation; however, neither party is required to make a concession or ..

Hauled the other firms cargo on the return trip : Two manufacturing firm, located in cities 90 miles apart, both send their trucks four times a week to the other city full of cargo and return empty. Each driver costs $275 per day with benefits (the round trip takes all day) and each firm has truck o..

User Account

All Pages