Refer to Figure 3.4. If consumer income increases, the demand for tuna fish sandwiches shifts from D₀ to D₁. This implies that tuna fish sandwiches are a(n)

A) normal good.
B) inferior good.
C) substitute good.
D) complementary good.

Question

Marcia Hernandez · Accepted Answer

Final Answer : A, Explanation :  When consumer income increases and the demand for a product also increases, it implies that the product is a normal good. This is because consumers buy more of the good as their income rises, indicating a positive relationship between income and demand for the product.

Refer to Figure 3.4. If consumer income increases, the demand for tuna fish sandwiches shifts from D₀ to D₁. This implies that tuna fish sandwiches are a(n)

A) normal good.
B) inferior good.
C) substitute good.
D) complementary good.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 3.4. If consumer income increases, the demand for tuna fish sandwiches shifts from D0 to D1. This implies that tuna fish sandwiches are a(n) A) normal good.B) inferior good.C) substitute good.D) complementary good.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 3.4. If consumer income increases, the demand for tuna fish sandwiches shifts from D₀ to D₁. This implies that tuna fish sandwiches are a(n)

A) normal good.
B) inferior good.
C) substitute good.
D) complementary good.