Assume that brand X is an inferior good and name brand Y is a normal good. An increase in consumer income, other things being equal, will cause a/an: upward movement along the demand curve for name brand Y. downward movement along the demand curve for brand X. rightward shift in the demand curve for brand X. leftward shift in the demand curve for brand X.

Assume that brand X is an inferior good and name brand Y is a normal good. An increase in consumer income, other things being equal, will cause a/an: upward movement along the demand curve for name brand Y. downward movement along the demand curve for brand X. rightward shift in the demand curve for brand X. leftward shift in the demand curve for brand X.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 9SQ

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Question

Assume that brand X is an inferior good and name brand Y is a normal good. An increase in consumer income, other things being equal, will cause a/an:

		upward movement along the demand curve for name brand Y.
		downward movement along the demand curve for brand X.
		rightward shift in the demand curve for brand X.
		leftward shift in the demand curve for brand X.

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