Refer to the following figure. Price of pizza A D₁ D₂ Number of pizzas per month Figure 3.7 D₂ 1370 Q Assume the market is initially at Point B and that pizza is a normal good. A decrease in income would cause the market to move from Point B on demand curve D₂ to O A. demand curve D₁. OB. demand curve D 3. OC. Point A on demand curve D 2. O D. Point Con demand curve D ₂. Reset Selection

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Normal and Inferior Goods

Understanding a normal good and an inferior good is important because it tells us what will happen to demand different products during booms and recessions.