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Home Q & A Board Other Fields Homework Help Business Economics
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insherro insherro
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7 years ago
In the market for a normal good, what is the ultimate market reaction of suppliers to an increase in the incomes of consumers?
A) Suppliers do not react, because a change in income shifts the demand curve, not the supply curve.
B) The supply curve shifts to the right.
C) The supply curve shifts to the left.
D) Quantity supplied increases as the equilibrium moves along the supply curve due to a rise in the demand.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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andyborziandyborzi
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#1
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7 years ago
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insherro Author
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7 years ago
Thanks for your help!!
Loruiz15
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Yesterday
Brilliant ツ
vernonb
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2 hours ago
Helped a lot
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