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30 September, 09:02

If X is a normal good, a rise in money income will shift the

a. supply curve for X to the left.

b. supply curve for X to the right.

c. demand curve for X to the left.

d. demand curve for X to the right.

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Answers (1)
  1. 30 September, 09:11
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    d. demand curve for X to the right.

    Explanation:

    A normal good refers to a product or service whose demand increases as consumer income increases. Improvements in economic conditions in the country also cause the demand to increase.

    A demand curve illustrates how price relates to the quantity demanded. The demand curve is downward sliding ina graph. Changes in the quantity ordered results in shifts in the position in the graph. An increase in demand makes the demand curve to shift outwards, or to shift to the right.
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