Answered: Darian's income rises by 25%. Since…

Darian's income rises by 25%. Since Darian has a higher income, his demand for drones increases by 10%. For Darian, drones are goods. O Inferior Normal Neutral None of the above 身

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 8SCQ: The avenge annual income rises from 25,000 to 33,000, and the quantity of bleed consumed in a year...

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Concept explainers

Normal and Inferior Goods

Understanding a normal good and an inferior good is important because it tells us what will happen to demand different products during booms and recessions.

Question

100%

Darian's income rises by 25%. Since Darian has a higher income, his demand for
drones increases by 10%. For Darian, drones are
goods.
O Inferior
Normal
Neutral
None of the above
B

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