For a Normal Good, an Increase in Consumer Income Will

question 144

Multiple Choice

For a normal good, an increase in consumer income will cause the market demand for the product to:

• A) decrease, which is a shift to the left of the demand curve.
• B) decrease, which is a shift to the right of the demand curve.
• C) increase, which is a shift to the left of the demand curve.
• D) increase, which is a shift to the right of the demand curve.

---

Definitions:

Advertising Revenue

Advertising revenue is the money earned by media companies and websites from displaying or broadcasting advertisements to their audiences.

Prime Minister

The head of government in a parliamentary or semi-presidential system, typically the leader of the majority party.

Freedom of the Press

A principle that allows for the unrestricted publishing and dissemination of information through various media channels, without interference from the government.

LGBTQ

LGBTQ is an acronym standing for Lesbian, Gay, Bisexual, Transgender, and Queer (or Questioning), representing a community of people with diverse sexual orientations and gender identities.