34- Assume that brand X is an inferior good and name brand Y is a normal good. A

Question

34- 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): Question 34 options: a- upward movement along the demand curve for name brand Y. b- downward movement along the demand curve for brand X. c- rightward shift in the demand curve for brand X. d- leftward shift in the demand curve for brand X. 34- 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): 34- 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): a- upward movement along the demand curve for name brand Y. b- downward movement along the demand curve for brand X. c- rightward shift in the demand curve for brand X. d- leftward shift in the demand curve for brand X. 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. a- upward movement along the demand curve for name brand Y. b- downward movement along the demand curve for brand X. c- rightward shift in the demand curve for brand X. d- leftward shift in the demand curve for brand X.

Explanation / Answer

d

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