Incomes increase. In the market for iPods (a normal good), we would expect O a. the supply curve to shift upwards. O b. the demand curve to shift to the right. O c. the demand curve to shift to the left O d. the supply curve to shift downwards.

Incomes increase. In the market for iPods (a normal good), we would expect O a. the supply curve to shift upwards. O b. the demand curve to shift to the right. O c. the demand curve to shift to the left O d. the supply curve to shift downwards.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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1
Incomes increase. In the market
for iPods (a normal good), we
would expect
O a. the supply curve to shift
upwards.
O b. the demand curve to shift to
the right.
Previous page
O c. the demand curve to shift to
the left
O d. the supply curve to shift
downwards.
Next pa

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