158k views
2 votes
If demand shifts to the right when income increases, we can conclude that the good is:_____

User Soyun
by
4.2k points

1 Answer

0 votes

Answer:

A normal good

Step-by-step explanation:

Normal goods are goods that are demanded as income level rises. With a higher income level, a rational consumer is expected to have more purchasing power and demand more of a good that is considered normal (hence the name).

Goods that are demanded less as income rises are termed inferior goods. They are the direct opposite of normal goods.

User Rich McCluskey
by
3.8k points