In the Market for a Normal Good,what Is the Ultimate

question 64

Multiple Choice

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.

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