Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Which of the following will cause the demand curve for product A to shift to the left?

A. Population growth that causes an expansion in the number of persons consuming A
B. An increase in money income if A is a normal good
C. A decrease in the price of complementary product C
D. An increase in money income if A is an inferior good

Sagot :

GinnyAnswer

Final answer:

Understanding how income affects demand curves for normal and inferior goods is crucial in economics.


Explanation:

Income elasticity of demand determines the direction of the shift in demand curves for normal and inferior goods. For inferior goods, an increase in income shifts the demand curve to the left, indicating a decrease in demand when income rises. This shift is a result of the negative income elasticity of demand associated with inferior goods.


Learn more about Income elasticity of demand here:

https://brainly.com/question/51078197


Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.