What are the influences on buying plans that change demand, and do these influences increase or decrease demand? Complete the following question about a change in demand. The graph shows a demand curve for coffee makers. Draw a demand curve that shows what happens in the market for coffee makers if incomes increase and a coffee maker is a normal good, but all other influences on buying plans remain the same. Label the curve D₁. When an event occurs that changes the demand for coffee makers, and if demand decreases. if demand increases O A. a movement up along the demand curve occurs; a movement down along the demand curve occurs B. the demand curve shifts rightward; the demand curve shifts leftward c. the demand curve shifts leftward; the demand curve shifts rightward O D. a movement down along the demand curve occurs; a movement up along the demand curve occurs

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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.