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ctrujillo1 ctrujillo1
wrote...
Posts: 379
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6 years ago
Which of the following will increase the demand for large automobiles?
 a. A fall in the price of small automobiles.
  b. A rise in insurance rates for large automobiles.
  c. A fall in the price of large automobiles.
  d. A rise in buyers' incomes (assuming large automobiles to be a normal good).

QUESTION 2

Assume that a computer is a normal good. An increase in consumer income, other things being equal, would:
 a. cause an upward movement along the demand curve for computers.
  b. cause a downward movement along the demand curve for computers.
  c. shift the demand curve for computers to the left.
  d. shift the demand curve for computers to the right.

QUESTION 3

If the demand for a good increases because consumer income increases, the good is a(n):
 a. inferior good. b. normal good.
  c. necessity good. d. luxury good.

QUESTION 4

If X is a normal good, a rise in consumer income will shift the:
 a. demand curve for X to the right. b. demand curve for X to the left.
  c. supply curve for X to the right. d. supply curve for X to the left.

QUESTION 5

Assuming that wine is a normal good, an increase in consumer income, other things being equal, will:
 a. cause an upward movement along the demand curve for wine.
  b. shift the demand curve for wine to the left.
  c. cause a downward movement along the demand curve for wine.
  d. shift the demand curve for wine to the right.

QUESTION 6

Assuming that automobiles are normal goods, a rise in consumer income, other things being equal, will cause:
 a. the demand curve for automobiles to shift to the left.
  b. the demand curve for automobiles to shift to the right.
  c. a downward movement along the demand curve for automobiles.
  d. an upward movement along the demand curve for automobiles.

QUESTION 7

Assuming that travel from New York to Los Angeles is a normal good, a decrease in consumer income, other things being equal, will:
 a. decrease the quantity demanded of travel to Los Angeles.
  b. increase the demand for travel to Los Angeles.
  c. decrease the demand for travel to Los Angeles.
  d. increase the quantity of travel to Los Angeles demanded.

QUESTION 8

Assuming that dry cleaning is a normal good, an increase in consumer income, other things being equal, will:
 a. increase the demand for dry cleaning.
  b. decrease the demand for dry cleaning.
  c. increase the quantity demanded of dry cleaning.
  d. decrease the quantity of dry cleaning demanded.
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Replies
wrote...
6 years ago
[Answer to ques. #1]  d

[Answer to ques. #2]  d

[Answer to ques. #3]  b

[Answer to ques. #4]  a

[Answer to ques. #5]  d

[Answer to ques. #6]  b

[Answer to ques. #7]  c

[Answer to ques. #8]  a
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