3
Question
The income demand curve of normal or superior goods slopes from ________.
The income demand curve of normal or superior goods slopes from ________.
Open in App
Solution
The correct option is C upwards to the right
The income demand curve of normal or superior goods slopes from upwards to the right because as the income of the consumer rises the quantity demanded of the normal or superior goods tend to rise. Thus, because of the positive relationship between the dmand of normal good and the income of the consumer, the income demand curve shifts upwards to the right.
The income demand curve of normal or superior goods slopes from upwards to the right because as the income of the consumer rises the quantity demanded of the normal or superior goods tend to rise. Thus, because of the positive relationship between the dmand of normal good and the income of the consumer, the income demand curve shifts upwards to the right.
Suggest Corrections
0
Similar questions