A change in demand for a normal goods implies that, there is a
ECONOMICS
JAMB 2014
A change in demand for a normal goods implies that, there is a
- A. change in the quantity demanded as price changes
- B. shift in the demand curve
- C. movement along a given demand curve
- D. change in the price elasticity of demand
Correct Answer: B. shift in the demand curve
Explanation
A normal good is a good that experiences an increase in its demand due to a rise in consumers' income. In other words, if there's an increase in wages, demand for normal goods increases while conversely, a wage decline leads to a reduction in demand. From the above option, B is correct. A shift in the demand curve happens when other determinants of demand apart from price cause demand to change
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *