Good X is a normal good. If the average income of those who buy good X rises, resulting in a(n) in the the curve for good X will shift in the equilibrium price of X and a(n) equilibrium quantity of X. a. demand; leftward; decrease; decrease b. supply; leftward; increase; increase C. supply; leftward; increase; decrease d. demand; rightward; increase; increase e. supply; rightward; decrease; increase.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Good X is a normal good. If the average income of those who buy good X rises,
resulting in a(n)
the
curve for good X will shift
in the equilibrium price of X and a(n)
in the
equilibrium quantity of X.
O a. demand; leftward; decrease; decrease
b. supply; leftward; increase; increase
O c. supply; leftward; increase; decrease
d. demand; rightward; increase; increase
e. supply; rightward; decrease; increase.
Transcribed Image Text:Good X is a normal good. If the average income of those who buy good X rises, resulting in a(n) the curve for good X will shift in the equilibrium price of X and a(n) in the equilibrium quantity of X. O a. demand; leftward; decrease; decrease b. supply; leftward; increase; increase O c. supply; leftward; increase; decrease d. demand; rightward; increase; increase e. supply; rightward; decrease; increase.
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