Economics (AS & A Level) · May / June 2022 · Paper 12 · Question 11
Which combination of events is most likely to leave the demand curve for a normal good in the same position?
- Aa decrease in consumer incomes and an increase in the price of a substitute good
- Ba decrease in consumer incomes and an increase in the price of the good
- Can increase in consumer incomes and an increase in the price of a substitute good
- Dan increase in consumer incomes and an increase in the price of the good
As printed in the paper
Show the answer
Correct answer: A. a decrease in consumer incomes and an increase in the price of a substitute good
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.