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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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