Question

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If income levels of consumers within a given economy increase, what would happen to the demand curve for cell phones, a
normal good, and the demand curve for instant noodles, an inferior good?

The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would remain unchanged.

The demand curve for cell phones would shift to the left, and the demand curve for instant noodles would shift to the right.


The demand curves would both shift to the right.


The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would shift to the left

Answer 1

Answer:

It is The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would shift to the left.

Answer 2

If the income levels of consumers within a given economy increase, then the demand curve for cell phones would shift to the right, and the demand curve for instant noodles would shift to the left.

What is demand curve?

A demand curve refers to the graphical relationship between the price  and the quantity of the definite good that is demanded at that particular price.

This curves can be applied either in the relationship of price-quantity for an individualist consumer, or may be for each and every consumer in a particular market.

In the given scenario, When consumers' income levels rise in a particular economy, the demand curve for cell phones shifts to the right, while the demand curve for instant noodles shifts to the left.

Therefore, option D is correct.

Learn more about Demand Curve, refer to:

https://brainly.com/question/8821891

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