Economics (AS & A Level) · May / June 2023 · Paper 12 · Question 9
A change in the price of a good causes an increase in the quantity of the good demanded. What would be the nature of the good and the direction of price change for this to be certain to happen? | | nature of good | price change | |---|---|---| | A | inferior | fall | | B | inferior | rise | | C | normal | fall | | D | normal | rise |
- Ainferior, fall
- Binferior, rise
- Cnormal, fall
- Dnormal, rise
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Correct answer: C. normal, fall
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